Infrastructure Capital Advisors LLC bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,817 shares of the real estate investment trust’s stock, valued at approximately $773,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FRT. Vanguard Group Inc. acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $1,481,079,000. Norges Bank acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $728,764,000. JPMorgan Chase & Co. grew its holdings in Federal Realty Investment Trust by 34.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,514,119 shares of the real estate investment trust’s stock valued at $456,107,000 after purchasing an additional 1,167,535 shares during the period. Resolution Capital Ltd lifted its position in shares of Federal Realty Investment Trust by 18.4% in the fourth quarter. Resolution Capital Ltd now owns 3,864,798 shares of the real estate investment trust’s stock valued at $390,499,000 after acquiring an additional 599,490 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Federal Realty Investment Trust by 62.6% in the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock valued at $162,432,000 after acquiring an additional 512,382 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on FRT shares. StockNews.com started coverage on Federal Realty Investment Trust in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Mizuho raised their target price on Federal Realty Investment Trust from $91.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Barclays reduced their price objective on Federal Realty Investment Trust from $127.00 to $119.00 in a research report on Wednesday, June 21st. Piper Sandler upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and set a $111.00 target price on the stock in a research report on Thursday, June 29th. They noted that the move was a valuation call. Finally, Bank of America reduced 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 report on Tuesday, August 22nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $112.50.
Federal Realty Investment Trust Trading Up 0.1 %
Shares of NYSE FRT opened at $97.62 on Friday. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $115.08. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.60. The stock has a fifty day simple moving average of $99.58 and a 200-day simple moving average of $97.08. The stock has a market capitalization of $7.96 billion, a PE ratio of 20.95, a PEG ratio of 2.22 and a beta of 1.22.
Federal Realty Investment Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.08. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.47%. Federal Realty Investment Trust’s payout ratio is presently 92.70%.
About Federal Realty Investment Trust
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.
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