OLD Point Trust & Financial Services N A Takes $167,000 Position in Federal Realty Investment Trust (NYSE:FRT)

OLD Point Trust & Financial Services N A purchased a new stake in Federal Realty Investment Trust (NYSE:FRTFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,616 shares of the real estate investment trust’s stock, valued at approximately $167,000.

A number of other large investors have also made changes to their positions in FRT. Jump Financial LLC purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $369,000. Amalgamated Bank grew its stake in Federal Realty Investment Trust by 2.8% in the 3rd quarter. Amalgamated Bank now owns 24,024 shares of the real estate investment trust’s stock valued at $2,177,000 after acquiring an additional 661 shares during the last quarter. Swiss National Bank grew its stake in Federal Realty Investment Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 161,300 shares of the real estate investment trust’s stock valued at $14,619,000 after acquiring an additional 1,600 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Federal Realty Investment Trust by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 116,200 shares of the real estate investment trust’s stock valued at $10,532,000 after acquiring an additional 2,639 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Federal Realty Investment Trust by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,114,841 shares of the real estate investment trust’s stock valued at $101,038,000 after acquiring an additional 19,749 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 1.0 %

Shares of FRT stock traded down $1.03 during trading hours on Friday, hitting $101.01. 396,539 shares of the company were exchanged, compared to its average volume of 449,854. The firm has a market cap of $8.38 billion, a PE ratio of 35.95, a PEG ratio of 2.04 and a beta of 1.21. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $107.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The firm has a fifty day moving average of $100.97 and a 200 day moving average of $100.92.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $4.36 annualized dividend and a yield of 4.32%. Federal Realty Investment Trust’s payout ratio is 155.16%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FRT shares. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho raised their price target on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Get Our Latest Analysis on FRT

Federal Realty Investment Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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