Bank of Montreal Can Lowers Stock Position in Federal Realty Investment Trust $FRT

Bank of Montreal Can cut its position in Federal Realty Investment Trust (NYSE:FRT) by 15.8% in the second quarter, HoldingsChannel.com reports. The firm owned 165,205 shares of the real estate investment trust’s stock after selling 31,018 shares during the quarter. Bank of Montreal Can’s holdings in Federal Realty Investment Trust were worth $15,693,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Federal Realty Investment Trust by 0.6% during the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust’s stock valued at $15,205,000 after buying an additional 917 shares during the last quarter. Brown Advisory Inc. raised its position in Federal Realty Investment Trust by 21.2% during the first quarter. Brown Advisory Inc. now owns 21,260 shares of the real estate investment trust’s stock valued at $2,080,000 after purchasing an additional 3,721 shares during the period. Allworth Financial LP raised its holdings in Federal Realty Investment Trust by 8.3% during the 1st quarter. Allworth Financial LP now owns 2,214 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 170 shares during the period. State of Michigan Retirement System increased its position in Federal Realty Investment Trust by 1.5% during the first quarter. State of Michigan Retirement System now owns 20,924 shares of the real estate investment trust’s stock valued at $2,047,000 after acquiring an additional 300 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Federal Realty Investment Trust by 2.7% during the 1st quarter. Xponance Inc. now owns 6,933 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

FRT has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $104.50 target price on Federal Realty Investment Trust in a research note on Friday, October 31st. Barclays increased their target price on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Mizuho upped their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Wall Street Zen cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.46.

Federal Realty Investment Trust Stock Performance

FRT opened at $97.32 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.09. The firm has a 50 day moving average of $99.06 and a two-hundred day moving average of $96.52. The firm has a market capitalization of $8.40 billion, a PE ratio of 24.64, a P/E/G ratio of 3.78 and a beta of 1.14.

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

Federal Realty Investment Trust Dividend Announcement

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

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.