Nomura Asset Management Co. Ltd. Purchases 20,641 Shares of Federal Realty Investment Trust (NYSE:FRT)

Nomura Asset Management Co. Ltd. grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 446,922 shares of the real estate investment trust's stock after buying an additional 20,641 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.54% of Federal Realty Investment Trust worth $50,033,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FRT. Cerity Partners LLC lifted its stake in Federal Realty Investment Trust by 47.0% in the 3rd quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust's stock valued at $504,000 after acquiring an additional 1,401 shares in the last quarter. Bank of Montreal Can increased its position in shares of Federal Realty Investment Trust by 0.6% in the third quarter. Bank of Montreal Can now owns 184,297 shares of the real estate investment trust's stock valued at $21,080,000 after acquiring an additional 1,039 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Federal Realty Investment Trust by 5.2% in the third quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust's stock valued at $5,579,000 after acquiring an additional 2,383 shares during the last quarter. FMR LLC raised its holdings in Federal Realty Investment Trust by 667.2% during the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock worth $65,856,000 after acquiring an additional 498,146 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Federal Realty Investment Trust during the third quarter valued at approximately $638,000. Institutional investors own 93.86% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently commented on FRT. Citigroup reissued a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and decreased their price objective for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Scotiabank cut their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company dropped their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.62.

Federal Realty Investment Trust Stock Performance

Shares of FRT traded up $1.23 during midday trading on Wednesday, reaching $98.22. 163,309 shares of the stock were exchanged, compared to its average volume of 757,388. The stock's 50 day simple moving average is $103.63 and its 200 day simple moving average is $109.20. The company has a market cap of $8.42 billion, a P/E ratio of 28.63, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a twelve month low of $94.58 and a twelve month high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. On average, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.48%. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.

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.