Sophron Capital Management L.P. Invests $7.03 Million in Federal Realty Investment Trust (NYSE:FRT)

Sophron Capital Management L.P. purchased 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. The firm purchased 62,806 shares of the real estate investment trust’s stock, valued at approximately $7,031,000. Federal Realty Investment Trust makes up about 2.8% of Sophron Capital Management L.P.’s portfolio, making the stock its 16th biggest holding. Sophron Capital Management L.P. owned 0.08% of Federal Realty Investment Trust at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in shares of Federal Realty Investment Trust by 10.6% in the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust’s stock worth $3,426,000 after purchasing an additional 2,938 shares during the last quarter. Rush Island Management LP grew its holdings in Federal Realty Investment Trust by 18.1% during the fourth quarter. Rush Island Management LP now owns 1,188,734 shares of the real estate investment trust’s stock worth $133,079,000 after buying an additional 182,120 shares in the last quarter. Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock valued at $394,417,000 after buying an additional 389,266 shares during the last quarter. Quantinno Capital Management LP raised its position in Federal Realty Investment Trust by 19.1% in the 4th quarter. Quantinno Capital Management LP now owns 35,519 shares of the real estate investment trust’s stock valued at $3,976,000 after buying an additional 5,693 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in Federal Realty Investment Trust during the 4th quarter valued at $126,000. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FRT. Wells Fargo & Company reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Citigroup reiterated a “neutral” rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $97.94 on Monday. The company’s 50 day moving average is $94.34 and its 200-day moving average is $104.19. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.40 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s payout ratio is 126.07%.

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.