Principal Financial Group Inc. Sells 140,134 Shares of Federal Realty Investment Trust (NYSE:FRT)

Posted by Defense World Staff on May 26th, 2023

Principal Financial Group Inc. trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,996 shares of the real estate investment trust’s stock after selling 140,134 shares during the period. Principal Financial Group Inc. owned 0.14% of Federal Realty Investment Trust worth $11,821,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Czech National Bank boosted its holdings in shares of Federal Realty Investment Trust by 1.1% during the 4th quarter. Czech National Bank now owns 8,558 shares of the real estate investment trust’s stock worth $865,000 after buying an additional 97 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Federal Realty Investment Trust by 2.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 101 shares during the last quarter. Creative Planning boosted its stake in shares of Federal Realty Investment Trust by 3.9% in the 2nd quarter. Creative Planning now owns 2,840 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 106 shares during the last quarter. Lumature Wealth Partners LLC boosted its stake in shares of Federal Realty Investment Trust by 6.6% in the 3rd quarter. Lumature Wealth Partners LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 139 shares during the last quarter. Finally, Pathstone Family Office LLC boosted its stake in shares of Federal Realty Investment Trust by 6.4% in the 3rd quarter. Pathstone Family Office LLC now owns 2,331 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 141 shares during the last quarter. 86.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler reduced their target price 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. StockNews.com initiated coverage on shares of Federal Realty Investment Trust in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Wells Fargo & Company initiated coverage on shares of Federal Realty Investment Trust in a research note on Tuesday. They set an “equal weight” rating and a $93.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of Federal Realty Investment Trust from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Finally, Compass Point raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Monday, January 30th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Hold” and a consensus target price of $112.36.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $85.92 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $7.00 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. The company’s 50 day moving average price is $94.45 and its two-hundred day moving average price is $102.32. Federal Realty Investment Trust has a 52 week low of $85.27 and a 52 week high of $116.05.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $4.32 annualized dividend and a yield of 5.03%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 92.11%.

Federal Realty Investment Trust Company 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.