Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,590 shares of the real estate investment trust’s stock after buying an additional 815 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Federal Realty Investment Trust were worth $1,661,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares during the last quarter. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $36,000. Family Firm Inc. purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its position in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Insider Buying and Selling at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Stock Up 1.4 %

FRT stock opened at $117.53 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 1 year low of $92.78 and a 1 year high of $118.34. The company has a fifty day simple moving average of $113.36 and a 200 day simple moving average of $109.36. The firm has a market cap of $9.75 billion, a PE ratio of 34.17, a PEG ratio of 2.33 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Piper Sandler lifted their target price on shares of 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. Raymond James lifted 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 note on Friday, August 16th. Evercore ISI lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Compass Point lifted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target 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.