Harvest Fund Management Co. Ltd Sells 248 Shares of Federal Realty Investment Trust (NYSE:FRT)

Harvest Fund Management Co. Ltd trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 27.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 640 shares of the real estate investment trust’s stock after selling 248 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Federal Realty Investment Trust were worth $74,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FRT. Daiwa Securities Group Inc. boosted its position in shares of Federal Realty Investment Trust by 8.2% during the third quarter. Daiwa Securities Group Inc. now owns 32,616 shares of the real estate investment trust’s stock worth $3,750,000 after acquiring an additional 2,481 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Federal Realty Investment Trust by 72.1% during the 3rd quarter. Algert Global LLC now owns 44,828 shares of the real estate investment trust’s stock valued at $5,154,000 after purchasing an additional 18,780 shares during the last quarter. Cerity Partners LLC grew its position in shares of Federal Realty Investment Trust by 47.0% during the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 1,401 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust in the third quarter worth about $1,322,000. Finally, Citigroup Inc. lifted its position in shares of Federal Realty Investment Trust by 65.7% in the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust’s stock worth $27,598,000 after buying an additional 95,185 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 1.4 %

Shares of NYSE FRT opened at $117.53 on Thursday. Federal Realty Investment Trust has a fifty-two week low of $92.78 and a fifty-two week 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 has a market cap of $9.75 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 2.30 and a beta of 1.24. The business’s 50 day moving average price is $113.25 and its 200-day moving average price is $109.24.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.74%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FRT shares. Mizuho raised their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Evercore ISI increased their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Truist Financial increased their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Raymond James boosted their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.38.

Insider Transactions at Federal Realty Investment Trust

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 value of $691,482.39. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

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.