Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,732 shares of the real estate investment trust’s stock after purchasing an additional 850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Federal Realty Investment Trust were worth $5,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Federal Realty Investment Trust by 601.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,644 shares of the real estate investment trust’s stock worth $9,272,000 after buying an additional 69,144 shares during the period. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $36,000. Quantbot Technologies LP acquired a new stake in Federal Realty Investment Trust during the 3rd quarter worth about $638,000. FMR LLC grew its stake in Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after purchasing an additional 498,146 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Federal Realty Investment Trust by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock valued at $5,579,000 after purchasing an additional 2,383 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Insider Activity

In related news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. This represents a 82.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $114.25 on Tuesday. The firm has a market cap 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 business has a 50-day moving average price of $113.43 and a 200 day moving average price of $109.64. 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 has a twelve month low of $95.97 and a twelve month high of $118.34.

Federal Realty Investment Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FRT shares. Truist Financial lifted their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Compass Point increased their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Raymond James boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.38.

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.