Point72 Asia Singapore Pte. Ltd. Takes $522,000 Position in Federal Realty Investment Trust (NYSE:FRT)

Point72 Asia Singapore Pte. Ltd. bought a new position in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,541 shares of the real estate investment trust’s stock, valued at approximately $522,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in shares of Federal Realty Investment Trust in the 1st quarter worth about $252,000. Cetera Investment Advisers boosted its stake in Federal Realty Investment Trust by 274.5% in the first quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 15,914 shares in the last quarter. Cetera Advisors LLC grew its position in Federal Realty Investment Trust by 57.7% during the first quarter. Cetera Advisors LLC now owns 4,681 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 1,713 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $196,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 86.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 542 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FRT. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Truist Financial boosted 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. Raymond James raised their price target on 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. Wells Fargo & Company boosted their price objective 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. Finally, Evercore ISI increased their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.38.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Federal Realty Investment Trust Stock Down 2.1 %

Shares of NYSE FRT opened at $114.25 on Tuesday. The firm has a fifty day simple moving average of $113.43 and a two-hundred day simple moving average of $109.64. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. 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 market capitalization of $9.48 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.85%. 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 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.