Swiss National Bank cut its holdings in Federal Realty Investment Trust (NYSE:FRT – Free Report) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,800 shares of the real estate investment trust’s stock after selling 18,100 shares during the period. Swiss National Bank owned 0.19% of Federal Realty Investment Trust worth $15,595,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NewEdge Wealth LLC grew its position in shares of Federal Realty Investment Trust by 1.7% in the first quarter. NewEdge Wealth LLC now owns 8,923 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 146 shares in the last quarter. Masterton Capital Management LP grew its holdings in Federal Realty Investment Trust by 14.5% during the 4th quarter. Masterton Capital Management LP now owns 51,246 shares of the real estate investment trust’s stock valued at $5,178,000 after buying an additional 6,478 shares in the last quarter. abrdn plc increased its position in shares of Federal Realty Investment Trust by 4.2% during the first quarter. abrdn plc now owns 34,284 shares of the real estate investment trust’s stock valued at $3,388,000 after buying an additional 1,386 shares during the period. Raymond James & Associates lifted its holdings in shares of Federal Realty Investment Trust by 20.5% in the fourth quarter. Raymond James & Associates now owns 76,839 shares of the real estate investment trust’s stock worth $7,764,000 after buying an additional 13,098 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Federal Realty Investment Trust by 296.0% in the first quarter. Tower Research Capital LLC TRC now owns 8,632 shares of the real estate investment trust’s stock valued at $853,000 after acquiring an additional 6,452 shares during the period. 86.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on FRT shares. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $93.00 to $103.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Barclays dropped their price objective on Federal Realty Investment Trust from $127.00 to $119.00 in a research note on Wednesday, June 21st. Bank of America decreased their target price on Federal Realty Investment Trust from $125.00 to $124.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com assumed coverage on Federal Realty Investment Trust in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Mizuho raised their target price on shares of Federal Realty Investment Trust from $91.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.83.
Federal Realty Investment Trust Trading Up 0.4 %
Shares of FRT opened at $96.17 on Wednesday. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $115.08. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.31 and a beta of 1.22. The firm has a 50 day moving average price of $98.62 and a 200-day moving average price of $98.01. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.62 and a current ratio of 1.62.
Federal Realty Investment Trust Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a $1.09 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.08. This represents a $4.36 annualized dividend and a yield of 4.53%. Federal Realty Investment Trust’s payout ratio is currently 93.56%.
Federal Realty Investment Trust Company Profile
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
Featured Stories
- Five stocks we like better than Federal Realty Investment Trust
- Investing In Preferred Stock vs. Common Stock
- 5 Best Fintech Banks to Invest in Now
- ETF Screener: Uses and Step-by-Step Guide
- 3 Smart AI ETFs For Intelligent Passive Investing Needs
- How to Invest in Cannabis, Step by Step
- 4 Reasons Zoom Video is Ready to Rock Into a Reversal
Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
