Entropy Technologies LP Buys New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Entropy Technologies LP purchased a new position in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 12,500 shares of the real estate investment trust’s stock, valued at approximately $1,437,000.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in shares of 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 in the last quarter. CWM LLC lifted its stake in Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 110 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.0% during the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Federal Realty Investment Trust by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 143 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in shares of Federal Realty Investment Trust by 5.6% during the third quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 167 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on 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 directly owns 6,637 shares in the company, valued at $771,020.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FRT. JPMorgan Chase & Co. boosted their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday. Mizuho increased 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 reduced their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Truist Financial boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $113.65 on Wednesday. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.16 and a beta of 1.24. Federal Realty Investment Trust has a twelve month low of $90.70 and a twelve month 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. The business’s fifty day simple moving average is $113.68 and its two-hundred day simple moving average is $108.46.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.87%. Federal Realty Investment Trust’s payout ratio is 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.