Quest Partners LLC Has $2.03 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Quest Partners LLC decreased its stake in Federal Realty Investment Trust (NYSE:FRT) by 15.8% in the third quarter, HoldingsChannel reports. The firm owned 17,629 shares of the real estate investment trust’s stock after selling 3,310 shares during the period. Quest Partners LLC’s holdings in Federal Realty Investment Trust were worth $2,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Federal Realty Investment Trust by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock worth $31,567,000 after buying an additional 19,453 shares during the period. Vident Advisory LLC boosted its stake in Federal Realty Investment Trust by 107.9% in the 1st quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock worth $4,749,000 after purchasing an additional 24,134 shares during the period. Gateway Investment Advisers LLC purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth approximately $5,865,000. Cetera Investment Advisers lifted its holdings in shares of Federal Realty Investment Trust by 274.5% in the first quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 15,914 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Federal Realty Investment Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after buying an additional 193,740 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.9 %

Federal Realty Investment Trust stock opened at $112.53 on Tuesday. Federal Realty Investment Trust has a one year low of $90.84 and a one year high of $118.34. The company’s fifty day moving average price is $113.58 and its two-hundred day moving average price is $108.67. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.14 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Analysts Set New Price Targets

Several research firms have weighed in on FRT. Piper Sandler lifted their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Raymond James upped their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Mizuho lifted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.85.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.