Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,322 shares of the real estate investment trust’s stock after buying an additional 1,033 shares during the period. Stifel Financial Corp’s holdings in Federal Realty Investment Trust were worth $7,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in Federal Realty Investment Trust during the 3rd quarter worth about $1,571,000. Quantinno Capital Management LP boosted its stake in shares of Federal Realty Investment Trust by 23.0% during the 3rd quarter. Quantinno Capital Management LP now owns 29,826 shares of the real estate investment trust’s stock worth $3,429,000 after purchasing an additional 5,575 shares during the last quarter. Quarry LP grew its holdings in shares of Federal Realty Investment Trust by 36.4% during the third quarter. Quarry LP now owns 2,044 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 546 shares in the last quarter. Point72 DIFC Ltd grew its holdings in shares of Federal Realty Investment Trust by 181.6% during the third quarter. Point72 DIFC Ltd now owns 20,962 shares of the real estate investment trust’s stock worth $2,410,000 after buying an additional 13,518 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Federal Realty Investment Trust by 771.9% during the third quarter. Point72 Asset Management L.P. now owns 26,200 shares of the real estate investment trust’s stock valued at $3,012,000 after buying an additional 23,195 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

FRT opened at $113.48 on Friday. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The company has a 50 day moving average of $113.40 and a two-hundred day moving average of $110.24. The company has a market cap of $9.41 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.17 and a beta of 1.24. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48.

Federal Realty Investment Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Raymond James boosted their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. 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 note on Monday, August 19th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Evercore ISI upped their price objective 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, Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.