National Bank of Canada FI Purchases 1,675 Shares of Federal Realty Investment Trust (NYSE:FRT)

National Bank of Canada FI lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 6,700.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,700 shares of the real estate investment trust’s stock after purchasing an additional 1,675 shares during the period. National Bank of Canada FI’s holdings in Federal Realty Investment Trust were worth $195,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. NBC Securities Inc. increased its position in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust in the third quarter worth $36,000. Family Firm Inc. bought a new position in Federal Realty Investment Trust during the second quarter worth $33,000. Blue Trust Inc. raised its stake in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Federal Realty Investment Trust in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $114.40 on Tuesday. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 2.14 and a beta of 1.24. The firm’s 50-day moving average price is $113.54 and its two-hundred day moving average price is $110.63. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. Federal Realty Investment Trust’s dividend payout ratio is 127.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FRT shares. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Mizuho boosted their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Compass Point raised their target price on 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. Finally, Scotiabank boosted their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

Federal Realty Investment Trust Company Profile

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.