Point72 Hong Kong Ltd Purchases New Position in Federal Realty Investment Trust (NYSE:FRT)

Point72 Hong Kong Ltd purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,510 shares of the real estate investment trust’s stock, valued at approximately $404,000.

Several other hedge funds have also bought and sold shares of the stock. Edgestream Partners L.P. lifted its stake in shares of Federal Realty Investment Trust by 11.5% in the 3rd quarter. Edgestream Partners L.P. now owns 21,877 shares of the real estate investment trust’s stock valued at $2,515,000 after purchasing an additional 2,256 shares during the period. Walleye Capital LLC raised its position in shares of Federal Realty Investment Trust by 508.2% in the third quarter. Walleye Capital LLC now owns 14,099 shares of the real estate investment trust’s stock worth $1,621,000 after acquiring an additional 11,781 shares during the period. Infrastructure Capital Advisors LLC boosted its stake in shares of Federal Realty Investment Trust by 5.9% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 14,590 shares of the real estate investment trust’s stock worth $1,661,000 after acquiring an additional 815 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Federal Realty Investment Trust by 4.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 13,115 shares of the real estate investment trust’s stock valued at $1,508,000 after acquiring an additional 500 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Federal Realty Investment Trust by 456.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after purchasing an additional 496,129 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $114.25 on Tuesday. The stock has a market capitalization of $9.48 billion, a PE ratio of 33.21, a P/E/G ratio of 2.32 and a beta of 1.24. The firm has a 50 day moving average of $113.43 and a two-hundred day moving average of $109.64. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Evercore ISI increased their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Truist Financial increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Raymond James boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $123.38.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the transaction, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 82.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Federal Realty Investment Trust Company Profile

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.