GAMMA Investing LLC Boosts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

GAMMA Investing LLC increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 9.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,104 shares of the real estate investment trust’s stock after acquiring an additional 264 shares during the period. GAMMA Investing LLC’s holdings in Federal Realty Investment Trust were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. JPMorgan Chase & Co. lifted its holdings in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after buying an additional 7,501 shares during the last quarter. Retirement Systems of Alabama increased its stake in Federal Realty Investment Trust by 0.4% during the 3rd quarter. Retirement Systems of Alabama now owns 59,392 shares of the real estate investment trust’s stock worth $6,828,000 after buying an additional 244 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Federal Realty Investment Trust by 6.2% during the third quarter. Tidal Investments LLC now owns 2,607 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 153 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $221,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $106.51 on Tuesday. The stock’s 50-day simple moving average is $113.08 and its 200-day simple moving average is $111.70. The firm has a market capitalization of $8.84 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. Federal Realty Investment Trust has a fifty-two week low of $95.97 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 Dividend Announcement

The business 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. This represents a $4.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Compass Point boosted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Finally, Evercore ISI increased their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average target price of $123.62.

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.