Daiwa Securities Group Inc. Has $3.75 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Daiwa Securities Group Inc. lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.2% in the third quarter, Holdings Channel.com reports. The fund owned 32,616 shares of the real estate investment trust’s stock after acquiring an additional 2,481 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Federal Realty Investment Trust were worth $3,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRT. NBC Securities Inc. raised its holdings in Federal Realty Investment Trust by 81.7% during 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 last quarter. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust during the second quarter worth $33,000. Blue Trust Inc. raised its stake in Federal Realty Investment Trust by 885.7% during 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 last quarter. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust in the second quarter valued at $42,000. Finally, Eastern Bank bought a new stake in 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.

Federal Realty Investment Trust Trading Down 0.1 %

FRT opened at $115.90 on Wednesday. Federal Realty Investment Trust has a fifty-two week low of $91.62 and a fifty-two week high of $118.34. The firm has a market capitalization of $9.61 billion, a PE ratio of 33.60, a P/E/G ratio of 2.19 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company’s 50-day moving average is $113.25 and its 200 day moving average is $109.14.

Federal Realty Investment Trust Announces Dividend

The business 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 3.80%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Buying and Selling

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on 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 filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FRT. Piper Sandler lifted their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Compass Point raised their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Raymond James boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $123.38.

Federal Realty Investment Trust Company 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.