Atlantic Union Bankshares Corp Acquires Shares of 2,720 Federal Realty Investment Trust $FRT

Atlantic Union Bankshares Corp acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,720 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Several other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $52,017,000. Hsbc Holdings PLC increased its stake in Federal Realty Investment Trust by 123.9% during the 1st quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock worth $72,634,000 after purchasing an additional 412,843 shares in the last quarter. Strs Ohio bought a new stake in Federal Realty Investment Trust in the 1st quarter valued at $32,181,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Federal Realty Investment Trust by 207.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock worth $38,132,000 after buying an additional 270,835 shares during the period. Finally, PGGM Investments grew its stake in shares of Federal Realty Investment Trust by 23.7% during the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after acquiring an additional 238,679 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of analyst reports. Evercore ISI decreased their price target on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company began coverage on Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target for the company. Barclays raised their target price on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen lowered Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.46.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $97.32 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The stock has a market capitalization of $8.40 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. The stock has a fifty day moving average of $99.06 and a 200-day moving average of $96.52.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $322.25 million for the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a $1.13 dividend. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.72%.

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.