Mizuho Markets Americas LLC Grows Holdings in Federal Realty Investment Trust (NYSE:FRT)

Mizuho Markets Americas LLC grew its position in Federal Realty Investment Trust (NYSE:FRT) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,946 shares of the real estate investment trust’s stock after purchasing an additional 10,690 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Federal Realty Investment Trust were worth $22,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. NBC Securities Inc. boosted its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the period. CWM LLC lifted its holdings in shares of Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 110 shares in the last quarter. PFG Investments LLC boosted its position in shares of Federal Realty Investment Trust by 2.0% during the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Federal Realty Investment Trust by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 143 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Federal Realty Investment Trust by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FRT. Wells Fargo & Company raised 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. Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Mizuho upped their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Compass Point raised their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Raymond James increased their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 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, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Up 0.1 %

NYSE:FRT opened at $113.54 on Friday. 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 stock has a market capitalization of $9.42 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.15 and a beta of 1.24. The company’s 50-day simple moving average is $113.58 and its 200-day simple moving average is $108.61. Federal Realty Investment Trust has a fifty-two week low of $90.84 and a fifty-two week high of $118.34.

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 issued 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 (DPR) is currently 127.91%.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. This represents a 82.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

About Federal Realty Investment Trust

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.