CWA Asset Management Group LLC Takes Position in Federal Realty Investment Trust (NYSE:FRT)

CWA Asset Management Group LLC acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,963 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Federal Realty Investment Trust by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock valued at $31,567,000 after acquiring an additional 19,453 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Federal Realty Investment Trust by 107.9% in the first quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after acquiring an additional 24,134 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Federal Realty Investment Trust in the first quarter valued at $602,000. Gateway Investment Advisers LLC purchased a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $5,865,000. Finally, Cetera Investment Advisers lifted its position in shares of Federal Realty Investment Trust by 274.5% in the first quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 15,914 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock opened at $113.65 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a 1 year low of $90.70 and a 1 year high of $118.34. The firm has a market cap of $9.43 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. The stock has a 50-day simple moving average of $113.68 and a 200-day simple moving average of $108.46.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced 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 is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.87%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 127.91%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FRT shares. Wells Fargo & Company increased their target price 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. Compass Point increased their target price 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. Mizuho increased their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Truist Financial increased their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

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.