Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 93,306 shares of the real estate investment trust’s stock after purchasing an additional 7,501 shares during the period. Principal Financial Group Inc.’s holdings in Federal Realty Investment Trust were worth $10,727,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Retirement Systems of Alabama raised its position in Federal Realty Investment Trust by 0.4% in the third quarter. Retirement Systems of Alabama now owns 59,392 shares of the real estate investment trust’s stock valued at $6,828,000 after purchasing an additional 244 shares during the period. Tidal Investments LLC boosted its holdings in Federal Realty Investment Trust by 6.2% in the 3rd quarter. Tidal Investments LLC now owns 2,607 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 153 shares during the period. World Investment Advisors LLC acquired a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $221,000. Sanctuary Advisors LLC lifted its position in shares of Federal Realty Investment Trust by 45.3% during the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at $202,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of several recent analyst reports. Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI raised their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Compass Point boosted their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $122.00 to $125.00 in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $123.62.

Federal Realty Investment Trust Stock Down 1.2 %

NYSE FRT opened at $111.43 on Monday. The company has a market capitalization of $9.24 billion, a P/E ratio of 32.39, a PEG ratio of 2.14 and a beta of 1.24. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company’s 50 day simple moving average is $113.51 and its 200 day simple moving average is $111.32.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

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.