Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Centersquare Investment Management LLC

Centersquare Investment Management LLC grew its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 935.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,016 shares of the real estate investment trust's stock after purchasing an additional 941,414 shares during the period. Federal Realty Investment Trust accounts for about 1.2% of Centersquare Investment Management LLC's investment portfolio, making the stock its 26th largest position. Centersquare Investment Management LLC owned about 1.26% of Federal Realty Investment Trust worth $116,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 111 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 592 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $91,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $101,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Remove Ads

Federal Realty Investment Trust Stock Down 0.1 %

Shares of FRT stock traded down $0.06 during trading hours on Wednesday, hitting $83.50. 403,176 shares of the company were exchanged, compared to its average volume of 663,611. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a one year low of $80.95 and a one year high of $118.34. The business's 50-day simple moving average is $101.28 and its two-hundred day simple moving average is $108.01. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts' consensus estimates of $1.73. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 128.28%.

Analysts Set New Price Targets

A number of research firms have weighed in on FRT. JPMorgan Chase & Co. cut their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Truist Financial lowered Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their target price for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Citigroup reissued a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Mizuho decreased their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Scotiabank cut their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $116.00.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.