Federal Realty Investment Trust (NYSE:FRT) Position Boosted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 14.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,935 shares of the real estate investment trust’s stock after purchasing an additional 10,456 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.10% of Federal Realty Investment Trust worth $9,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Westwood Holdings Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after buying an additional 546,711 shares in the last quarter. Millennium Management LLC raised its position in shares of Federal Realty Investment Trust by 304.0% during the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Federal Realty Investment Trust by 4.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after purchasing an additional 90,395 shares during the last quarter. Vest Financial LLC boosted its position in shares of Federal Realty Investment Trust by 19.1% in the 2nd quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust’s stock valued at $43,422,000 after purchasing an additional 69,059 shares during the period. Finally, Gateway Investment Advisers LLC purchased a new position in Federal Realty Investment Trust in the 2nd quarter worth about $5,865,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FRT has been the subject of several recent analyst reports. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a report on Friday, October 11th. Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on 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 target price on 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. Finally, Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Trading Up 0.4 %

NYSE:FRT opened at $114.86 on Friday. 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 company has a market capitalization of $9.53 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.18 and a beta of 1.24. The stock’s 50 day moving average price is $113.27 and its 200 day moving average price is $108.96. Federal Realty Investment Trust has a 52 week low of $91.40 and a 52 week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate 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.