44,966 Shares in Federal Realty Investment Trust (NYSE:FRT) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 44,966 shares of the real estate investment trust's stock, valued at approximately $5,012,000. Resona Asset Management Co. Ltd. owned about 0.05% of Federal Realty Investment Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FRT. JPMorgan Chase & Co. raised its stake in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after purchasing an additional 168,885 shares during the period. LPL Financial LLC lifted its stake in shares of Federal Realty Investment Trust by 17.5% in the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock valued at $9,324,000 after purchasing an additional 12,387 shares during the last quarter. Vert Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock worth $3,697,000 after purchasing an additional 3,617 shares during the period. Principal Financial Group Inc. increased its position in shares of Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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Federal Realty Investment Trust Trading Up 1.8 %

Shares of FRT stock traded up $1.63 during mid-day trading on Monday, hitting $91.89. 140,077 shares of the company's stock were exchanged, compared to its average volume of 670,338. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.20 and a beta of 1.08. 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 has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a 50-day simple moving average of $99.81 and a two-hundred day simple moving average of $107.32.

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

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.79%. 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 Upgrades and Downgrades

A number of brokerages recently commented on FRT. JPMorgan Chase & Co. lowered their target price on 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. Mizuho dropped their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Truist Financial cut 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 research note on Thursday, March 13th. Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Finally, Raymond James reduced their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

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.