Natixis Has $3.12 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Posted by Defense World Staff on Jun 11th, 2023

Natixis reduced its holdings in shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 86.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,838 shares of the real estate investment trust’s stock after selling 189,746 shares during the period. Natixis’ holdings in Federal Realty Investment Trust were worth $3,116,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FRT. Ossiam boosted its position in Federal Realty Investment Trust by 121.9% in the fourth quarter. Ossiam now owns 3,102 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 1,704 shares in the last quarter. AXS Investments LLC raised its stake in shares of Federal Realty Investment Trust by 154.4% in the fourth quarter. AXS Investments LLC now owns 22,900 shares of the real estate investment trust’s stock worth $2,314,000 after acquiring an additional 13,900 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Federal Realty Investment Trust by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 944,219 shares of the real estate investment trust’s stock worth $95,404,000 after buying an additional 71,171 shares during the last quarter. Barclays PLC raised its stake in shares of Federal Realty Investment Trust by 130.3% during the fourth quarter. Barclays PLC now owns 123,698 shares of the real estate investment trust’s stock worth $12,497,000 after buying an additional 69,994 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Federal Realty Investment Trust by 44.5% during the fourth quarter. Renaissance Technologies LLC now owns 102,600 shares of the real estate investment trust’s stock worth $10,367,000 after buying an additional 31,600 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler lowered their target price on shares of Federal Realty Investment Trust from $118.00 to $111.00 and set a “neutral” rating for the company in a research note on Wednesday, April 5th. Truist Financial reduced their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 in a report on Monday, May 15th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Federal Realty Investment Trust in a report on Friday, May 26th. StockNews.com started coverage on shares of Federal Realty Investment Trust in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Barclays reduced their target price on shares of Federal Realty Investment Trust from $129.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, February 15th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.36.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $96.14 on Friday. The firm has a market capitalization of $7.84 billion, a PE ratio of 20.50, a PEG ratio of 2.31 and a beta of 1.20. The company’s 50-day moving average is $93.91 and its 200-day moving average is $101.11. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $115.08. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.58 and a quick ratio of 1.58.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Thursday, June 22nd will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, June 21st. Federal Realty Investment Trust’s payout ratio is presently 92.11%.

About Federal Realty Investment Trust

(Get Rating)

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.