Northwestern Mutual Investment Management Company LLC bought 2,815 shares in Federal Investment Trust (NYSE:FRT)


Northwestern Mutual Investment Management LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT – Get Rating ) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,815 shares of the real estate investment trust’s stock, valued at approximately $344,000.

A number of other hedge funds have also made changes to their positions in FRT. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $983,225,000. Principal Financial Group Inc. purchased a new stake in shares of Federal Realty Investment Trust in the first quarter valued at approximately $59,324,000. BlackRock Inc. boosted its position in shares of Federal Realty Investment Trust by 5.2% in the fourth quarter. Now BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock valued at $1,030,577,000 after acquiring an additional 372,411 shares in the last quarter. State Street Corp boosted its position in shares of Federal Realty Investment Trust by 3.2% in the fourth quarter. State Street Corp now owns 7,465,605 shares of the real estate investment trust’s stock valued at $1,025,565,000 after buying an additional 232,958 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Federal Realty Investment Trust by 142.1% in the fourth quarter. Renaissance Technologies LLC now owns 270,700 shares of the real estate investment trust’s stock valued at $36,902,000 after buying an additional 158,900 shares in the last quarter. 86.07% of shares belong to hedge funds and other institutional investors.

Insiders place their bets

In other Federal Realty Investment Trust news, Director David W. Fader purchased 10,565 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of $95.84 per share, for a total transaction amounting to $1,012,549.60. Following the completion of the purchase, the director now directly owns 23,878 shares in the company, valued at $2,288,467.52. The acquisition was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Corporate insiders own 1.00% of the company’s shares.

Federal Realty Investment Trust trading fund rose 1.7%

Federal Realty Investment Trust stock opened at $111.68 on Monday. The fifty-day simple moving average is $101.00. US, and the 200-day simple moving average is $112.52. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.52 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 1.65, and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 1-year low of $92.02 and a 1-year high of $140.51.

The Federal Real Estate Investment Trust is increasing its dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This is $4.32. US dividends on an annualized basis and a yield of 3.87%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. Federal Realty Investment Trust’s payout ratio is currently 123.70%.

Analysts set new target prices

Several equities analysts recently weighed in on FRT shares. Raymond James upgraded shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Thursday, May 12th. Truist Financial cut their target price on shares of Federal Realty Investment Trust from $128.00 to $125.00 in a research report on Friday, June 3rd. Jefferies Financial Group cut their target price on shares of Federal Realty Investment Trust from $133.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Piper Sandler decreased their target price on shares of Federal Realty Investment Trust to $120.00 in a research report on Monday, July 4th. Finally, Barclays cut their target price on shares of Federal Realty Investment Trust from $142.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Seven research analysts have rated the stock with a hold rating, seven have given a “buy” rating and one has issued a strong “buy” rating to the company. Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $124.67, according to MarketBeat.

Federal Realty Investment Trust company profile

(Get rating)

Federal Realty is a recognized leader in the ownership, operation and development of high-quality retail 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 provide long-term sustainable growth by investing in communities where retail demand exceeds supply.

Selected articles

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



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