Nordea Investment Management AB Buys 29,894 Shares of Federal Realty Investment Trust (NYSE:FRT)

Nordea Investment Management AB grew its stake in Federal Realty Investment Trust (NYSE:FRT) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,773 shares of the real estate investment trust’s stock after buying an additional 29,894 shares during the quarter. Nordea Investment Management AB owned approximately 0.17% of Federal Realty Investment Trust worth $15,896,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after purchasing an additional 7,501 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the third quarter worth $1,322,000. Edgestream Partners L.P. purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $1,981,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Federal Realty Investment Trust by 2,190.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 4,928 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

FRT has been the topic of several research analyst reports. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Scotiabank upped their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Evercore ISI raised their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.62.

Federal Realty Investment Trust Stock Down 0.4 %

Shares of NYSE:FRT opened at $104.52 on Thursday. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.17 and a beta of 1.25. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $112.92 and a 200 day moving average price of $111.73.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Federal Realty Investment Trust 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.