Meridian Wealth Management LLC Purchases New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Meridian Wealth Management LLC acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,797 shares of the real estate investment trust’s stock, valued at approximately $1,010,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Federal Realty Investment Trust by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,087 shares of the real estate investment trust’s stock valued at $1,186,000 after buying an additional 819 shares during the period. Advisor Partners II LLC lifted its stake in shares of Federal Realty Investment Trust by 8.9% in the 3rd quarter. Advisor Partners II LLC now owns 2,460 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 202 shares during the period. Park Avenue Securities LLC bought a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth $285,000. New Mexico Educational Retirement Board grew its stake in shares of Federal Realty Investment Trust by 8.5% during the third quarter. New Mexico Educational Retirement Board now owns 3,850 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 300 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in Federal Realty Investment Trust by 9.0% in the third quarter. Daiwa Securities Group Inc. now owns 27,366 shares of the real estate investment trust’s stock valued at $2,480,000 after purchasing an additional 2,269 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FRT. Scotiabank raised their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a report on Thursday. Bank of America upped their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Evercore ISI reduced their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Finally, Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $110.00 to $112.00 in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.60.

Federal Realty Investment Trust Stock Up 0.7 %

FRT stock opened at $102.33 on Friday. The business has a 50-day moving average of $101.14 and a 200-day moving average of $100.11. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The stock has a market capitalization of $8.49 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 annualized dividend and a yield of 4.26%. Federal Realty Investment Trust’s payout ratio is presently 155.16%.

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.