7,284,627 Shares in Federal Realty Investment Trust $FRT Bought by Norges Bank

Norges Bank acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 7,284,627 shares of the real estate investment trust’s stock, valued at approximately $734,290,000. Norges Bank owned about 0.08% of Federal Realty Investment Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its holdings in Federal Realty Investment Trust by 1.4% during the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after acquiring an additional 90,127 shares during the period. Resolution Capital Ltd grew its holdings in Federal Realty Investment Trust by 11.8% during the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after acquiring an additional 344,189 shares during the period. Geode Capital Management LLC grew its holdings in Federal Realty Investment Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock worth $221,217,000 after acquiring an additional 23,214 shares during the period. ProShare Advisors LLC grew its holdings in Federal Realty Investment Trust by 5.7% during the third quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock worth $182,054,000 after acquiring an additional 96,271 shares during the period. Finally, Rush Island Management LP grew its holdings in Federal Realty Investment Trust by 13.3% during the second quarter. Rush Island Management LP now owns 1,605,736 shares of the real estate investment trust’s stock worth $152,529,000 after acquiring an additional 188,116 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.1%

Shares of FRT opened at $119.51 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50 day simple moving average of $111.38 and a 200-day simple moving average of $105.50. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $121.84. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 4.52 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Scotiabank upped their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Citigroup upped their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Truist Financial upped their target price on Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Friday. Finally, Evercore set a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.14.

About Federal Realty Investment Trust

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.