LMR Partners LLP Takes Position in Federal Realty Investment Trust (NYSE:FRT)

LMR Partners LLP bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, Holdings Channel reports. The institutional investor bought 3,619 shares of the real estate investment trust’s stock, valued at approximately $416,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FRT. Vanguard Group Inc. increased its stake in Federal Realty Investment Trust by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after purchasing an additional 193,740 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in Federal Realty Investment Trust in the 1st quarter valued at about $231,000. Vident Advisory LLC increased its position in Federal Realty Investment Trust by 107.9% in the 1st quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after acquiring an additional 24,134 shares during the period. Westwood Holdings Group Inc. raised its stake in Federal Realty Investment Trust by 19.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 95,735 shares of the real estate investment trust’s stock valued at $9,776,000 after acquiring an additional 15,389 shares during the last quarter. Finally, Long Pond Capital LP acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth approximately $6,127,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

FRT opened at $113.26 on Wednesday. Federal Realty Investment Trust has a 1-year low of $90.84 and a 1-year high of $118.34. The stock has a market cap of $9.39 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.15 and a beta of 1.24. The stock’s 50 day simple moving average is $113.42 and its 200 day simple moving average is $108.80. 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 Announces Dividend

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

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the subject of several analyst reports. Truist Financial upped their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Mizuho upped their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Piper Sandler lifted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Citigroup raised 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 report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

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.