Schroder Investment Management Group acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 338,057 shares of the real estate investment trust’s stock, valued at approximately $33,779,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC increased its position in shares of Federal Realty Investment Trust by 6.7% during the 3rd quarter. Private Advisor Group LLC now owns 3,185 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 199 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its holdings in Federal Realty Investment Trust by 24.6% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 46,328 shares of the real estate investment trust’s stock valued at $4,693,000 after purchasing an additional 9,160 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Federal Realty Investment Trust by 20.5% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 114,249 shares of the real estate investment trust’s stock valued at $11,575,000 after buying an additional 19,412 shares in the last quarter. Natixis Advisors LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at about $2,010,000. Finally, First Trust Advisors LP grew its stake in Federal Realty Investment Trust by 198.4% during the third quarter. First Trust Advisors LP now owns 43,143 shares of the real estate investment trust’s stock worth $4,371,000 after buying an additional 28,683 shares during the last quarter. 93.86% of the stock is owned by institutional investors.
Federal Realty Investment Trust Price Performance
Shares of FRT stock opened at $106.98 on Thursday. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $110.89. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.57. The firm’s 50 day moving average is $104.40 and its 200-day moving average is $100.92. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 4.69 and a beta of 0.99.
Federal Realty Investment Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 96.79%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Evercore set a $107.00 target price on Federal Realty Investment Trust in a report on Tuesday, February 17th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $107.00 to $114.00 in a report on Thursday, December 18th. Weiss Ratings upgraded Federal Realty Investment Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Barclays boosted their price objective on Federal Realty Investment Trust from $107.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, Mizuho set a $105.00 target price on Federal Realty Investment Trust in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $111.13.
Check Out Our Latest Analysis on FRT
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.
Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.
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