KLP Kapitalforvaltning AS Invests $1.74 Million in Federal Realty Investment Trust (NYSE:FRT)

KLP Kapitalforvaltning AS bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,500 shares of the real estate investment trust's stock, valued at approximately $1,735,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FRT. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Geode Capital Management LLC grew its holdings in Federal Realty Investment Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust's stock valued at $224,565,000 after purchasing an additional 7,160 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Federal Realty Investment Trust by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,285,189 shares of the real estate investment trust's stock valued at $143,877,000 after purchasing an additional 37,274 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its holdings in Federal Realty Investment Trust by 8.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 811,945 shares of the real estate investment trust's stock worth $90,897,000 after acquiring an additional 60,671 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Federal Realty Investment Trust by 1,463.8% during the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust's stock valued at $70,251,000 after purchasing an additional 572,008 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Federal Realty Investment Trust Trading Up 2.2 %

Shares of FRT traded up $2.17 during trading hours on Wednesday, reaching $99.16. 920,832 shares of the company traded hands, compared to its average volume of 648,112. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34. The stock's fifty day moving average price is $103.33 and its 200 day moving average price is $108.99. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

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

Federal Realty Investment Trust Dividend Announcement

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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

Analyst Ratings Changes

FRT has been the subject of several research analyst reports. Scotiabank cut their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Raymond James decreased their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.62.

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.