AlphaCrest Capital Management LLC Purchases 14,802 Shares of Federal Realty Investment Trust (NYSE:FRT)

AlphaCrest Capital Management LLC increased its position in Federal Realty Investment Trust (NYSE:FRTGet Rating) by 324.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,360 shares of the real estate investment trust’s stock after purchasing an additional 14,802 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $1,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $34,000. Brown Brothers Harriman & Co. boosted its stake in Federal Realty Investment Trust by 237.0% in the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 237 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Federal Realty Investment Trust during the 2nd quarter worth $46,000. Parkside Financial Bank & Trust bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $60,000. Finally, CWM LLC raised its position in shares of Federal Realty Investment Trust by 145.9% during the 2nd quarter. CWM LLC now owns 959 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 569 shares during the last quarter. 84.36% of the stock is owned by institutional investors.

Federal Realty Investment Trust Trading Down 0.5 %

FRT opened at $109.53 on Thursday. The stock has a market capitalization of $8.89 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.46 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.55. Federal Realty Investment Trust has a 12 month low of $86.43 and a 12 month high of $140.51. The firm’s fifty day simple moving average is $97.13 and its 200 day simple moving average is $102.01.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be issued a $1.08 dividend. The ex-dividend date is Friday, December 30th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.94%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 91.72%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FRT. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Barclays lowered their price target on Federal Realty Investment Trust to $114.00 in a research note on Thursday, October 27th. Bank of America raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $130.00 in a research note on Tuesday, August 9th. Truist Financial lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $120.00 in a research note on Monday, August 22nd. Finally, Piper Sandler reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $121.13.

About Federal Realty Investment Trust

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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.

Further Reading

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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