Wellington Management Group LLP Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Wellington Management Group LLP purchased a new position in Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 230,910 shares of the real estate investment trust’s stock, valued at approximately $26,548,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Federal Realty Investment Trust by 1,463.8% in the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after purchasing an additional 572,008 shares in the last quarter. Westwood Holdings Group Inc. increased its stake 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 worth $64,868,000 after buying an additional 546,711 shares during the last quarter. FMR LLC raised its holdings in Federal Realty Investment Trust by 667.2% in the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after acquiring an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Federal Realty Investment Trust by 456.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after acquiring an additional 496,129 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after acquiring an additional 312,726 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.0 %

Federal Realty Investment Trust stock opened at $113.48 on Friday. Federal Realty Investment Trust has a 52-week low of $95.97 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. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.17 and a beta of 1.24. The firm has a 50-day moving average price of $113.40 and a two-hundred day moving average price of $110.24.

Federal Realty Investment Trust Dividend Announcement

The firm 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 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

A number of equities research analysts have recently issued reports on FRT shares. Truist Financial upped their target price on shares of 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. Mizuho upped their price objective 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. Wells Fargo & Company lifted their target price 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. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

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.