Northstar Advisory Group LLC acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,810 shares of the real estate investment trust’s stock, valued at approximately $1,493,000.
Several other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC lifted its position in shares of Federal Realty Investment Trust by 19.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 16,755 shares of the real estate investment trust’s stock worth $1,689,000 after buying an additional 2,727 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Federal Realty Investment Trust by 33.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,041 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 1,013 shares during the period. Czech National Bank increased its position in Federal Realty Investment Trust by 3.8% in the fourth quarter. Czech National Bank now owns 20,700 shares of the real estate investment trust’s stock worth $2,087,000 after buying an additional 763 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Federal Realty Investment Trust by 2,342.1% in the fourth quarter. SG Americas Securities LLC now owns 155,144 shares of the real estate investment trust’s stock valued at $15,639,000 after buying an additional 148,791 shares during the period. Finally, Marshall Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth about $1,140,000. 93.86% of the stock is currently owned by institutional investors.
Federal Realty Investment Trust Price Performance
FRT opened at $104.42 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50 day simple moving average is $105.16 and its 200 day simple moving average is $101.30. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 4.51 and a beta of 0.99. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $110.89.
Federal Realty Investment Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is 96.79%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FRT. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a research report on Wednesday, January 14th. Evercore set a $107.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upgraded 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 research report on Thursday, December 18th. Finally, Wells Fargo & Company increased their price objective on Federal Realty Investment Trust from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.57.
Check Out Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust 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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