Hsbc Holdings PLC Sells 94,086 Shares of Federal Realty Investment Trust $FRT

Hsbc Holdings PLC trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRTFree Report) by 25.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,683 shares of the real estate investment trust’s stock after selling 94,086 shares during the quarter. Hsbc Holdings PLC’s holdings in Federal Realty Investment Trust were worth $28,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at about $734,290,000. State Street Corp grew its holdings in shares of Federal Realty Investment Trust by 1.4% during the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after purchasing an additional 90,127 shares in the last quarter. Resolution Capital Ltd increased its position in shares of Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Invesco Ltd. increased its position in shares of Federal Realty Investment Trust by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock worth $275,466,000 after purchasing an additional 72,718 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Federal Realty Investment Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after purchasing an additional 23,214 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FRT shares. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Friday, June 26th. Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Truist Financial increased their target price on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $127.31.

Read Our Latest Stock Analysis on Federal Realty Investment Trust

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $125.62 on Wednesday. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.99 and a beta of 0.93. The business has a 50 day moving average of $121.27 and a 200 day moving average of $111.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $126.86.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 78.47%.

About Federal Realty Investment Trust

(Free Report)

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

Further Reading

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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