SeaCrest Wealth Management LLC Takes $46,000 Position in Federal Realty Investment Trust (NYSE:FRT)

SeaCrest Wealth Management LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRTGet Rating) during the second quarter, Holdings Channel reports. The institutional investor acquired 482 shares of the real estate investment trust’s stock, valued at approximately $46,000.

A number of other large investors have also recently made changes to their positions in FRT. Baldwin Brothers LLC MA purchased a new stake in shares of Federal Realty Investment Trust during the second quarter valued at $34,000. Brown Brothers Harriman & Co. grew its holdings in shares of Federal Realty Investment Trust by 237.0% during the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 237 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Federal Realty Investment Trust during the first quarter valued at $60,000. CWM LLC grew its holdings in shares of Federal Realty Investment Trust by 145.9% during the second quarter. CWM LLC now owns 959 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 569 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new stake in shares of Federal Realty Investment Trust during the first quarter valued at $99,000. 84.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust to $104.00 in a research report on Thursday, October 20th. Truist Financial decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $120.00 in a research report on Monday, August 22nd. Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Finally, Bank of America upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $130.00 in a research report on Tuesday, August 9th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.13.

Federal Realty Investment Trust Stock Up 0.8 %

FRT stock opened at $108.41 on Monday. The stock has a market capitalization of $8.80 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.42 and a beta of 1.13. The firm has a 50-day simple moving average of $96.71 and a 200-day simple moving average of $102.06. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.55. Federal Realty Investment Trust has a 52 week low of $86.43 and a 52 week high of $140.51.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, December 30th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.98%. Federal Realty Investment Trust’s dividend payout ratio is currently 91.72%.

Federal Realty Investment Trust Profile

(Get Rating)

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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