Swiss National Bank lifted its stake in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,900 shares of the real estate investment trust’s stock after purchasing an additional 6,400 shares during the quarter. Swiss National Bank owned 0.22% of Federal Realty Investment Trust worth $17,773,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of FRT. Vanguard Group Inc. bought a new stake in Federal Realty Investment Trust in the first quarter worth $1,481,079,000. State Street Corp boosted its holdings in shares of Federal Realty Investment Trust by 13.4% in the third quarter. State Street Corp now owns 9,600,162 shares of the real estate investment trust’s stock valued at $875,143,000 after buying an additional 1,136,033 shares during the period. Invesco Ltd. increased its holdings in Federal Realty Investment Trust by 62.6% during the 1st quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock worth $162,432,000 after purchasing an additional 512,382 shares in the last quarter. Strs Ohio raised its position in Federal Realty Investment Trust by 289.7% in the 4th quarter. Strs Ohio now owns 404,088 shares of the real estate investment trust’s stock valued at $40,829,000 after buying an additional 300,393 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Federal Realty Investment Trust by 113.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 468,254 shares of the real estate investment trust’s stock valued at $44,831,000 after buying an additional 248,778 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.
Insiders Place Their Bets
In other news, CFO Daniel Guglielmone sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $110.69, for a total transaction of $276,725.00. Following the transaction, the chief financial officer now owns 50,782 shares of the company’s stock, valued at $5,621,059.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Daniel Guglielmone sold 2,500 shares of Federal Realty Investment Trust stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $110.69, for a total transaction of $276,725.00. Following the completion of the sale, the chief financial officer now owns 50,782 shares in the company, valued at approximately $5,621,059.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Donald C. Wood sold 10,000 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $111.24, for a total transaction of $1,112,400.00. Following the completion of the transaction, the chief executive officer now owns 200,710 shares in the company, valued at $22,326,980.40. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Federal Realty Investment Trust Price Performance
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.17). Federal Realty Investment Trust had a return on equity of 13.82% and a net margin of 35.65%. The company had revenue of $279.80 million during the quarter, compared to the consensus estimate of $277.24 million. During the same quarter in the prior year, the business earned $1.47 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that Federal Realty Investment Trust will post 6.48 EPS for the current year.
Federal Realty Investment Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 22nd will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Wednesday, June 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 92.11%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on FRT. StockNews.com started coverage on Federal Realty Investment Trust in a report on Thursday, March 16th. They set a “hold” rating for the company. Mizuho dropped their target price on Federal Realty Investment Trust from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, March 1st. Barclays reduced their target price on shares of Federal Realty Investment Trust from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, February 15th. UBS Group upped their price target on Federal Realty Investment Trust from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Finally, Piper Sandler lowered their price objective on Federal Realty Investment Trust from $118.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, April 5th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $116.31.
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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