Point72 Asia Singapore Pte. Ltd. Purchases New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,541 shares of the real estate investment trust’s stock, valued at approximately $522,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. boosted its position in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares in the last quarter. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust in the third quarter worth $36,000. Family Firm Inc. purchased a new stake in shares of Federal Realty Investment Trust in the second quarter worth $33,000. Blue Trust Inc. increased its holdings in shares of Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were 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 approximately $771,020.29. This trade represents a 82.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Evercore ISI boosted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Compass Point upped their price target on 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, Mizuho increased their price objective 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.38.

Federal Realty Investment Trust Trading Down 2.1 %

Shares of NYSE:FRT opened at $114.25 on Tuesday. The stock’s 50-day simple moving average is $113.43 and its two-hundred day simple moving average is $109.64. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.32 and a beta of 1.24. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The firm 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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

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.