BNP Paribas Financial Markets Invests $19.87 Million in Federal Realty Investment Trust (NYSE:FRT)

BNP Paribas Financial Markets bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 177,483 shares of the real estate investment trust’s stock, valued at approximately $19,869,000.

A number of other large investors also recently made changes to their positions in FRT. Kapitalo Investimentos Ltda bought a new position in Federal Realty Investment Trust during the 4th quarter worth $51,000. Venturi Wealth Management LLC grew its stake in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Federal Realty Investment Trust by 592.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 592 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $91,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 1.7 %

Shares of NYSE:FRT opened at $93.57 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a market capitalization of $8.03 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The company has a fifty day moving average of $94.73 and a 200-day moving average of $104.87.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same period last year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of analyst reports. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 23rd. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Stifel Nicolaus dropped their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Citigroup reiterated a “neutral” rating and set a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 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 for the company in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.00.

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.