Sumitomo Mitsui Trust Group Inc. Sells 36,363 Shares of Federal Realty Investment Trust (NYSE:FRT)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 20.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 141,541 shares of the real estate investment trust’s stock after selling 36,363 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Federal Realty Investment Trust were worth $16,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position 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 buying an additional 107 shares during the period. CWM LLC increased its position in Federal Realty Investment Trust by 10.9% during the 3rd 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 during the period. PFG Investments LLC increased its position in Federal Realty Investment Trust by 2.0% during the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after purchasing an additional 143 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of Federal Realty Investment Trust by 5.6% in the third quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 167 shares during the period. Institutional investors own 93.86% of the company’s stock.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $113.54 on Monday. Federal Realty Investment Trust has a 1 year low of $90.84 and a 1 year high of $118.34. 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 has a market capitalization of $9.42 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The business has a 50-day moving average of $113.58 and a 200-day moving average of $108.67.

Federal Realty Investment Trust Dividend Announcement

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 given a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.88%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FRT shares. Evercore ISI raised their price target 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. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Raymond James raised 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. Compass Point raised their price target on 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, Truist Financial raised their price objective 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $122.85.

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.