Commerce Bank Acquires New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Commerce Bank acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,909 shares of the real estate investment trust’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in FRT. NBC Securities Inc. boosted its stake in shares of 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. CWM LLC boosted its stake in shares of 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 purchasing an additional 110 shares during the last quarter. PFG Investments LLC boosted its stake in shares of 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 purchasing an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Federal Realty Investment Trust by 2.8% during the 2nd 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 last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of Federal Realty Investment Trust by 5.6% during the 3rd 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 last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This trade represents a 82.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.4 %

NYSE FRT opened at $117.53 on Thursday. Federal Realty Investment Trust has a one year low of $92.78 and a one year high of $118.34. The company’s 50 day moving average price is $113.25 and its 200 day moving average price is $109.24. 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 firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.30 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company 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 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 3.74%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Analysts Set New Price Targets

FRT has been the topic of several analyst reports. Piper Sandler raised their price target on shares of 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. Truist Financial raised their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.38.

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.