Sigma Planning Corp Has $1.16 Million Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Sigma Planning Corp cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.7% in the third quarter, HoldingsChannel reports. The fund owned 10,084 shares of the real estate investment trust’s stock after selling 174 shares during the quarter. Sigma Planning Corp’s holdings in Federal Realty Investment Trust were worth $1,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. NBC Securities Inc. lifted its position in shares of Federal Realty Investment Trust by 81.7% in 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 in the last quarter. Family Firm Inc. acquired a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. lifted its position 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 worth $35,000 after buying an additional 310 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $42,000. Finally, Eastern Bank acquired a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FRT shares. Compass Point increased their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. 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 note on Monday, September 16th. Wells Fargo & Company boosted 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 increased their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Piper Sandler lifted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.85.

Federal Realty Investment Trust Stock Down 1.1 %

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

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 3.87%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Buying and Selling 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust 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.