Corient Private Wealth LLC Acquires 5,014 Shares of Federal Realty Investment Trust $FRT

Corient Private Wealth LLC boosted its holdings in Federal Realty Investment Trust (NYSE:FRTFree Report) by 81.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,200 shares of the real estate investment trust’s stock after buying an additional 5,014 shares during the quarter. Corient Private Wealth LLC’s holdings in Federal Realty Investment Trust were worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at about $25,000. Turning Point Benefit Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1,853.8% in the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Federal Realty Investment Trust by 88.7% in the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 126 shares during the last quarter. Private Trust Co. NA raised its position in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock opened at $120.47 on Thursday. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.94 and a beta of 0.93. The firm’s 50-day moving average price is $118.61 and its two-hundred day moving average price is $109.56. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $126.41.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FRT. Wells Fargo & Company upped their price objective on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the company an “outperform” rating in a report on Monday, June 1st. Evercore set a $110.00 target price on Federal Realty Investment Trust in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Friday, May 29th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $135.00 price target on shares of Federal Realty Investment Trust in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.20.

Check Out Our Latest Stock Analysis on FRT

Federal Realty Investment Trust Company Profile

(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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