Geode Capital Management LLC Raises Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Geode Capital Management LLC grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,956,097 shares of the real estate investment trust’s stock after acquiring an additional 7,160 shares during the quarter. Geode Capital Management LLC owned about 2.36% of Federal Realty Investment Trust worth $224,565,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after purchasing an additional 572,008 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 571.1% in the 2nd 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 grew its holdings in shares of 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 worth $65,856,000 after acquiring an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Federal Realty Investment Trust by 456.2% during the third 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 lifted its holdings in Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after acquiring an additional 312,726 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $114.25 on Friday. The stock has a 50-day moving average price of $113.46 and a 200 day moving average price of $110.44. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The stock has a market capitalization of $9.48 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.14 and a beta of 1.24.

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 given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

Analyst Ratings Changes

FRT has been the subject of a number of recent research reports. Mizuho boosted their price target 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. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Compass Point lifted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Wells Fargo & Company lifted their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $123.38.

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.