Pacer Advisors Inc. increased its position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 95.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,016 shares of the real estate investment trust’s stock after buying an additional 5,854 shares during the period. Pacer Advisors Inc.’s holdings in Federal Realty Investment Trust were worth $1,276,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $4,472,000. UBS Group AG raised its position in shares of Federal Realty Investment Trust by 23.3% in the 4th quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust’s stock valued at $38,524,000 after purchasing an additional 72,293 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust’s stock valued at $2,128,000 after purchasing an additional 21,059 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust’s stock valued at $43,951,000 after buying an additional 43,685 shares during the last quarter. Finally, Mattern Capital Management LLC grew its position in shares of Federal Realty Investment Trust by 9.1% during the fourth quarter. Mattern Capital Management LLC now owns 81,244 shares of the real estate investment trust’s stock worth $8,189,000 after buying an additional 6,758 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
Federal Realty Investment Trust Stock Performance
FRT stock opened at $118.44 on Monday. Federal Realty Investment Trust has a 1 year low of $90.03 and a 1 year high of $128.21. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.93 and a beta of 0.93. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s fifty day moving average is $122.89 and its two-hundred day moving average is $113.67.
Federal Realty Investment Trust Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 93.74%.
Analysts Set New Price Targets
A number of analysts recently issued reports on FRT shares. 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. Citigroup raised their price objective on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.25.
View Our Latest Stock Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Company 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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