Mutual of America Capital Management LLC Sells 151 Shares of Federal Realty Investment Trust (NYSE:FRT)

Mutual of America Capital Management LLC lessened its holdings in Federal Realty Investment Trust (NYSE:FRT) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,263 shares of the real estate investment trust’s stock after selling 151 shares during the period. Mutual of America Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $1,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. lifted 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 valued at $27,000 after purchasing an additional 107 shares in the last quarter. Family Firm Inc. purchased a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $33,000. Blue Trust Inc. raised its position in shares of 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 valued at $35,000 after buying an additional 310 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Federal Realty Investment Trust in the second quarter worth $42,000. Finally, Eastern Bank purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth $52,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $115.98 on Tuesday. The firm has a market capitalization of $9.62 billion, a PE ratio of 33.72, a PEG ratio of 2.19 and a beta of 1.24. The stock’s fifty day moving average is $113.27 and its 200 day moving average is $109.05. Federal Realty Investment Trust has a fifty-two week low of $91.62 and a fifty-two week high of $118.34. 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 Announces Dividend

The company 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. This represents a $4.40 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FRT. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday. Truist Financial lifted their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company increased 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. Mizuho lifted their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Piper Sandler increased their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price 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.