Zurcher Kantonalbank Zurich Cantonalbank Has $7.55 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 41.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,460 shares of the real estate investment trust's stock after buying an additional 19,728 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Federal Realty Investment Trust worth $7,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock valued at $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Federal Realty Investment Trust by 5.6% in the third quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust's stock valued at $359,000 after purchasing an additional 167 shares in the last quarter. KBC Group NV raised its holdings in Federal Realty Investment Trust by 11.8% in the third quarter. KBC Group NV now owns 1,929 shares of the real estate investment trust's stock worth $222,000 after purchasing an additional 204 shares during the period. Curi RMB Capital LLC boosted its position in shares of Federal Realty Investment Trust by 2.1% during the third quarter. Curi RMB Capital LLC now owns 97,727 shares of the real estate investment trust's stock worth $11,236,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Federal Realty Investment Trust by 25.3% in the 3rd quarter. Metis Global Partners LLC now owns 9,194 shares of the real estate investment trust's stock valued at $1,057,000 after buying an additional 1,856 shares during the period. 93.86% of the stock is owned by institutional investors.

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Federal Realty Investment Trust Price Performance

NYSE:FRT traded up $1.76 on Monday, hitting $97.92. The company had a trading volume of 605,489 shares, compared to its average volume of 597,578. The firm has a 50 day moving average of $105.21 and a two-hundred day moving average of $110.62. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 52 week low of $94.58 and a 52 week high of $118.34. 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 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. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current 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 issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.49%. Federal Realty Investment Trust's payout ratio is 128.28%.

Analyst Upgrades and Downgrades

FRT has been the topic of several recent research reports. Mizuho dropped their price target on 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. Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, 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 report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $119.77.

Federal Realty Investment Trust 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.