JB Capital LLC Raises Stock Position in Federal Realty Investment Trust (NYSE:FRT)

JB Capital LLC lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,560 shares of the real estate investment trust’s stock after buying an additional 969 shares during the period. JB Capital LLC’s holdings in Federal Realty Investment Trust were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. increased its position in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares during the last quarter. Family Firm Inc. acquired a new position in Federal Realty Investment Trust during the 2nd quarter valued at approximately $33,000. Blue Trust Inc. increased its position in Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares during the period. Rothschild Investment LLC bought a new stake in Federal Realty Investment Trust in the second quarter valued at $42,000. Finally, Eastern Bank acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at $52,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Raymond James boosted 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. Truist Financial upped 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. Compass Point increased their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Mizuho upped their target price on shares of 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Federal Realty Investment Trust Trading Up 0.5 %

Shares of NYSE FRT traded up $0.55 during midday trading on Thursday, reaching $113.67. The stock had a trading volume of 54,127 shares, compared to its average volume of 619,758. Federal Realty Investment Trust has a twelve month low of $90.70 and a twelve month high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The company’s 50 day moving average price is $113.73 and its 200 day moving average price is $108.09. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 3.87%. Federal Realty Investment Trust’s payout ratio is 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.