Federal Realty Investment Trust (NYSE:FRT) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its position in Federal Realty Investment Trust (NYSE:FRT) by 80.9% in the 3rd quarter, Holdings Channel reports. The fund owned 4,466 shares of the real estate investment trust’s stock after purchasing an additional 1,997 shares during the period. KCM Investment Advisors LLC’s holdings in Federal Realty Investment Trust were worth $513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.5% during the 1st 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 buying an additional 193,740 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Federal Realty Investment Trust by 4.7% during the 2nd 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 buying an additional 90,395 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Federal Realty Investment Trust by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock valued at $174,883,000 after buying an additional 36,880 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after buying an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 571.1% during the 2nd 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 during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRT has been the topic of several research analyst reports. Scotiabank reduced their price objective on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 11th. Truist Financial raised their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho raised their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. 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 currently has an average rating of “Moderate Buy” and an average price target of $122.85.

Insider Buying and Selling

In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $113.54 on Friday. The business’s 50-day moving average price is $113.58 and its 200 day moving average price is $108.61. The firm has a market cap of $9.42 billion, a P/E ratio of 33.01, a PEG ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a 52-week low of $90.84 and a 52-week high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48.

Federal Realty Investment Trust Announces Dividend

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

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.