Norges Bank Invests $810.54 Million in Federal Realty Investment Trust (NYSE:FRT)

Norges Bank acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,240,234 shares of the real estate investment trust's stock, valued at approximately $810,544,000. Norges Bank owned approximately 8.73% of Federal Realty Investment Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust during the third quarter worth $36,000. Venturi Wealth Management LLC boosted its holdings in Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 111 shares during the last quarter. Hopwood Financial Services Inc. bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $101,000. Finally, Jackson Grant Investment Advisers Inc. lifted its position in shares of Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock valued at $149,000 after purchasing an additional 137 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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Federal Realty Investment Trust Stock Performance

NYSE FRT traded up $0.51 during trading on Tuesday, hitting $97.23. 230,995 shares of the company's stock traded hands, compared to its average volume of 753,546. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 28.35, 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 business has a 50 day moving average of $103.63 and a 200-day moving average of $109.20.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 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 company had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FRT. JPMorgan Chase & Co. decreased their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Scotiabank decreased 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. Finally, Wells Fargo & Company cut their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.62.

Federal Realty Investment Trust Company Profile

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.