Metis Global Partners LLC Acquires 1,856 Shares of Federal Realty Investment Trust (NYSE:FRT)

Metis Global Partners LLC grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,194 shares of the real estate investment trust’s stock after purchasing an additional 1,856 shares during the quarter. Metis Global Partners LLC’s holdings in Federal Realty Investment Trust were worth $1,057,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 worth $1,300,101,000 after buying an additional 193,740 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Federal Realty Investment Trust in the first quarter worth about $231,000. UniSuper Management Pty Ltd lifted its position in shares of Federal Realty Investment Trust by 33.3% during the first quarter. UniSuper Management Pty Ltd now owns 31,830 shares of the real estate investment trust’s stock valued at $3,250,000 after buying an additional 7,960 shares during the last quarter. Mattern Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 9.2% in the 1st quarter. Mattern Capital Management LLC now owns 72,708 shares of the real estate investment trust’s stock valued at $7,425,000 after buying an additional 6,125 shares in the last quarter. Finally, Vident Advisory LLC grew its position in shares of 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 buying an additional 24,134 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.1 %

FRT stock opened at $113.54 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s fifty day simple moving average is $113.58 and its 200-day simple moving average is $108.67. Federal Realty Investment Trust has a 12 month low of $90.84 and a 12 month high of $118.34. The company has a market capitalization of $9.42 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was 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. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Mizuho upped their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Scotiabank lowered their price target on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a report on Friday, October 11th. Compass Point upped their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

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.