Metis Global Partners LLC Increases Position in Federal Realty Investment Trust (NYSE:FRT)

Metis Global Partners LLC boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 25.3% during the third quarter, HoldingsChannel.com reports. The firm owned 9,194 shares of the real estate investment trust’s stock after purchasing an additional 1,856 shares during the period. Metis Global Partners LLC’s holdings in Federal Realty Investment Trust were worth $1,057,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FRT. Price T Rowe Associates Inc. MD grew its stake in Federal Realty Investment Trust by 6.7% in the 1st 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 during the period. Vident Advisory LLC grew 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 purchasing an additional 24,134 shares during the period. Gateway Investment Advisers LLC purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $5,865,000. Cetera Investment Advisers raised its position in shares of Federal Realty Investment Trust by 274.5% during the 1st quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock worth $2,217,000 after purchasing an additional 15,914 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Federal Realty Investment Trust by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after buying an additional 193,740 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This trade represents a 82.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a report on Friday, October 11th. Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Evercore ISI lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $113.54 on Monday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.14 and a beta of 1.24. The firm’s fifty day simple moving average is $113.58 and its 200-day simple moving average is $108.67. 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 12 month low of $90.84 and a 12 month high of $118.34.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date of this dividend 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 payout ratio is 127.91%.

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.