Crossmark Global Holdings Inc. Sells 913 Shares of Federal Realty Investment Trust (NYSE:FRT)

Crossmark Global Holdings Inc. decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 27.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,457 shares of the real estate investment trust’s stock after selling 913 shares during the period. Crossmark Global Holdings Inc.’s holdings in Federal Realty Investment Trust were worth $282,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FRT. NBC Securities Inc. boosted its position in 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 purchasing an additional 107 shares during the period. Family Firm Inc. bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth $33,000. Blue Trust Inc. grew its stake in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 310 shares during the last quarter. Rothschild Investment LLC bought a new position in Federal Realty Investment Trust in the 2nd quarter worth $42,000. Finally, Eastern Bank acquired a new position in Federal Realty Investment Trust during the 3rd quarter worth $52,000. 93.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on FRT shares. 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 note on Friday, August 2nd. Wells Fargo & Company lifted their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Raymond James increased their price objective on 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. Compass Point boosted their target price 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. Finally, Scotiabank cut their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $771,020.29. This represents a 82.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $113.54 on Monday. Federal Realty Investment Trust has a twelve month low of $90.84 and a twelve month high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a market cap of $9.42 billion, a P/E ratio of 33.01, a PEG ratio of 2.14 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 $108.67.

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 paid a $1.10 dividend. The ex-dividend date of this dividend 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 is currently 127.91%.

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.