Thurston Springer Miller Herd & Titak Inc. Buys 4,295 Shares of Federal Realty Investment Trust (NYSE:FRT)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 50.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,748 shares of the real estate investment trust’s stock after acquiring 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRT. NBC Securities Inc. raised its position in 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 purchasing an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $36,000. Eastern Bank purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $52,000. Whittier Trust Co. of Nevada Inc. lifted its position in Federal Realty Investment Trust by 2,475.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 594 shares during the last quarter. Finally, CWM LLC boosted its stake in Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 110 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

FRT opened at $103.81 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $8.61 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The stock’s 50 day moving average price is $112.07 and its 200-day moving average price is $111.85. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 4.24%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

Wall Street Analyst Weigh In

FRT has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Scotiabank boosted their price target 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.