Independent Advisor Alliance Sells 197 Shares of Federal Realty Investment Trust (NYSE:FRT)

Independent Advisor Alliance cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,147 shares of the real estate investment trust’s stock after selling 197 shares during the quarter. Independent Advisor Alliance’s holdings in Federal Realty Investment Trust were worth $707,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FRT. O Shaughnessy Asset Management LLC bought a new position in shares of Federal Realty Investment Trust in the first quarter valued at about $231,000. Price T Rowe Associates Inc. MD raised its position 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 valued at $31,567,000 after purchasing an additional 19,453 shares during the period. Tidal Investments LLC bought a new position in shares of Federal Realty Investment Trust in the first quarter valued at about $252,000. iA Global Asset Management Inc. raised its position in shares of Federal Realty Investment Trust by 19.5% in the first quarter. iA Global Asset Management Inc. now owns 2,221 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 362 shares during the period. Finally, Cetera Investment Advisers raised its position 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 during the period. 93.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FRT shares. Evercore ISI raised their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Raymond James raised their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Compass Point raised their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Piper Sandler raised their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Mizuho raised their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and eleven have given 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.

Insider Activity

In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust Trading Up 1.4 %

FRT opened at $117.53 on Thursday. The company’s 50 day moving average is $113.25 and its 200-day moving average is $109.24. Federal Realty Investment Trust has a 1-year low of $92.78 and a 1-year high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.75 billion, a P/E ratio of 34.17, a PEG ratio of 2.30 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. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.74%. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

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.