Thurston Springer Miller Herd & Titak Inc. Raises Position in Federal Realty Investment Trust (NYSE:FRT)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 50.8% during the fourth quarter, Holdings Channel reports. The fund owned 12,748 shares of the real estate investment trust’s stock after purchasing an additional 4,295 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Federal Realty Investment Trust were worth $1,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. increased its position in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. CWM LLC grew its position 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 during the period. Park Avenue Securities LLC raised its stake in Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 125 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 143 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Federal Realty Investment Trust by 1.5% in the 3rd quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock worth $1,123,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.6 %

Shares of FRT opened at $103.81 on Wednesday. The firm has a market cap of $8.61 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34. The company has a 50 day simple moving average of $112.07 and a two-hundred day simple moving average of $111.85.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 4.24%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FRT shares. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Scotiabank increased their price objective on shares of 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. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $122.00 to $125.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $123.62.

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.