LMR Partners LLP Acquires New Holdings in Federal Realty Investment Trust (NYSE:FRT)

LMR Partners LLP bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,619 shares of the real estate investment trust’s stock, valued at approximately $416,000.

Other institutional investors have also made changes to their positions in the company. NBC Securities Inc. boosted its position in shares of Federal Realty Investment Trust by 81.7% during the 3rd 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 during the period. Family Firm Inc. acquired a new position in Federal Realty Investment Trust during the second quarter worth $33,000. Blue Trust Inc. boosted its position in shares of Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $42,000. Finally, Eastern Bank purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $52,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 82.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $113.26 on Wednesday. The stock’s 50-day simple moving average is $113.42 and its 200-day simple moving average is $108.80. The firm has a market capitalization of $9.39 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a fifty-two week low of $90.84 and a fifty-two week high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given 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 dividend yield of 3.88%. Federal Realty Investment Trust’s dividend payout ratio is presently 127.91%.

Analyst Ratings Changes

FRT has been the subject of a number of research analyst reports. Evercore ISI raised their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Mizuho raised their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company upped their price objective on 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.85.

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.