Toronto Dominion Bank Reduces Holdings in Federal Realty Investment Trust (NYSE:FRT)

Toronto Dominion Bank decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,665 shares of the real estate investment trust’s stock after selling 1,544 shares during the period. Toronto Dominion Bank’s holdings in Federal Realty Investment Trust were worth $3,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FRT. NBC Securities Inc. raised its holdings 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 purchasing an additional 107 shares in the last quarter. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth about $33,000. Blue Trust Inc. lifted 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 valued at $35,000 after acquiring an additional 310 shares during the period. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust during the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC purchased a new stake in Federal Realty Investment Trust in the second quarter worth about $42,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

FRT has been the topic of a number of analyst reports. StockNews.com cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Scotiabank increased their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Truist Financial lifted their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company raised 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 note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.38.

Federal Realty Investment Trust Trading Up 0.7 %

NYSE:FRT opened at $114.25 on Monday. The company has a 50 day simple moving average of $113.46 and a two-hundred day simple moving average of $110.53. The company has a market cap of $9.48 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. 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 12 month low of $95.97 and a 12 month high of $118.34.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Federal Realty Investment Trust 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.