Meridian Wealth Management LLC Invests $1.32 Million in Federal Realty Investment Trust (NYSE:FRT)

Meridian Wealth Management LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT) in the third quarter, HoldingsChannel.com reports. The fund bought 11,500 shares of the real estate investment trust’s stock, valued at approximately $1,322,000.

A number of other hedge funds have also modified their holdings of FRT. O Shaughnessy Asset Management LLC acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $231,000. Price T Rowe Associates Inc. MD increased its holdings in Federal Realty Investment Trust by 6.7% during 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 purchasing an additional 19,453 shares in the last quarter. Kinloch Capital LLC increased its holdings in Federal Realty Investment Trust by 23.4% during the 1st quarter. Kinloch Capital LLC now owns 33,847 shares of the real estate investment trust’s stock valued at $3,456,000 after purchasing an additional 6,410 shares in the last quarter. Tidal Investments LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter valued at $252,000. Finally, iA Global Asset Management Inc. increased its holdings in Federal Realty Investment Trust by 19.5% during the 1st quarter. iA Global Asset Management Inc. now owns 2,221 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 362 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Up 0.4 %

NYSE:FRT opened at $114.86 on Friday. Federal Realty Investment Trust has a 12-month low of $91.40 and a 12-month high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $9.53 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.18 and a beta of 1.24. The stock’s fifty day simple moving average is $113.32 and its 200-day simple moving average is $108.87.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.83%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company raised their price target 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. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $120.00 to $135.00 in a report on Friday, September 13th. Raymond James raised their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Compass Point lifted their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

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.