Chevy Chase Trust Holdings LLC Lowers Stake in Federal Realty Investment Trust (NYSE:FRT)

Posted by on May 22nd, 2023

Chevy Chase Trust Holdings LLC lessened its holdings in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,097 shares of the real estate investment trust’s stock after selling 3,879 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Federal Realty Investment Trust worth $4,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRT. RB Capital Management LLC purchased a new position in Federal Realty Investment Trust in the 1st quarter valued at approximately $272,000. American Century Companies Inc. raised its stake in Federal Realty Investment Trust by 119.6% during the 1st quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock worth $2,376,000 after acquiring an additional 10,601 shares in the last quarter. MetLife Investment Management LLC raised its stake in Federal Realty Investment Trust by 25.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock worth $2,368,000 after acquiring an additional 3,929 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Federal Realty Investment Trust by 3.9% during the 1st quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 193 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Federal Realty Investment Trust by 7.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock worth $1,156,000 after acquiring an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FRT shares. Compass Point upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Monday, January 30th. Piper Sandler dropped their price objective on shares of Federal Realty Investment Trust from $118.00 to $111.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 5th. Truist Financial dropped their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 in a research note on Monday, May 15th. Credit Suisse Group lifted their price objective on shares of Federal Realty Investment Trust from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, February 9th. Finally, StockNews.com started coverage on shares of Federal Realty Investment Trust in a research note on Thursday. They issued a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.54.

Federal Realty Investment Trust Stock Down 0.6 %

FRT stock opened at $88.74 on Monday. The company has a market cap of $7.23 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.14 and a beta of 1.19. Federal Realty Investment Trust has a 52 week low of $86.43 and a 52 week high of $116.05. The company’s 50-day moving average price is $95.14 and its 200 day moving average price is $102.71. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.57.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 22nd will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 92.11%.

Federal Realty Investment Trust Profile

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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.

See Also

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT – Get Rating).

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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