Entropy Technologies LP Invests $1.44 Million in Federal Realty Investment Trust (NYSE:FRT)

Entropy Technologies LP purchased a new position in Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the real estate investment trust’s stock, valued at approximately $1,437,000.

A number of other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. grew its position in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares during the period. Family Firm Inc. purchased a new stake in Federal Realty Investment Trust in the second quarter worth about $33,000. Blue Trust Inc. lifted its holdings 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 valued at $35,000 after purchasing an additional 310 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. Finally, Eastern Bank purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $52,000. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FRT. Truist Financial boosted their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Evercore ISI increased their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Two 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 has an average rating of “Moderate Buy” and an average target price of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $113.65 on Wednesday. Federal Realty Investment Trust has a 12-month low of $90.70 and a 12-month high of $118.34. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.16 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. The firm has a 50 day moving average of $113.68 and a 200 day moving average of $108.46.

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 paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.87%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

Insider Buying and Selling

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was 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 owns 6,637 shares in the company, valued at $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction 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 approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.