Hsbc Holdings PLC lowered its stake in Federal Realty Investment Trust (NYSE:FRT – Free Report) by 48.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 366,769 shares of the real estate investment trust’s stock after selling 338,083 shares during the period. Hsbc Holdings PLC’s holdings in Federal Realty Investment Trust were worth $36,982,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in FRT. DGS Capital Management LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at $450,000. Kera Capital Partners Inc. bought a new position in Federal Realty Investment Trust during the 4th quarter worth about $295,000. Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after purchasing an additional 72,718 shares during the period. Corient Private Wealth LLC raised its stake in shares of Federal Realty Investment Trust by 480.0% in the 4th quarter. Corient Private Wealth LLC now owns 35,878 shares of the real estate investment trust’s stock valued at $3,617,000 after purchasing an additional 29,692 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Federal Realty Investment Trust by 51.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 55,556 shares of the real estate investment trust’s stock valued at $5,600,000 after purchasing an additional 18,827 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Bank of America upped their price objective on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Truist Financial boosted 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. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Mizuho set a $130.00 price target on shares of Federal Realty Investment Trust and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, Barclays raised their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.21.
Federal Realty Investment Trust Price Performance
Shares of NYSE FRT opened at $123.47 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The business has a 50-day moving average of $117.02 and a 200-day moving average of $108.43. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.90 and a beta of 0.94. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $126.41.
Federal Realty Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 annualized dividend and a yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.
Federal Realty Investment Trust Profile
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.
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