Nomura Asset Management Co. Ltd. Sells 44,164 Shares of Federal Realty Investment Trust $FRT

Nomura Asset Management Co. Ltd. reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 480,220 shares of the real estate investment trust’s stock after selling 44,164 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $48,406,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ProShare Advisors LLC grew its holdings in Federal Realty Investment Trust by 5.7% during the 3rd 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. Truist Financial Corp grew its holdings in Federal Realty Investment Trust by 496.2% during the 3rd quarter. Truist Financial Corp now owns 129,198 shares of the real estate investment trust’s stock worth $13,089,000 after acquiring an additional 107,529 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in Federal Realty Investment Trust during the 3rd quarter worth about $972,000. Wealth Enhancement Advisory Services LLC grew its holdings in Federal Realty Investment Trust by 173.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the real estate investment trust’s stock worth $1,541,000 after acquiring an additional 10,021 shares during the period. Finally, Centersquare Investment Management LLC grew its holdings in Federal Realty Investment Trust by 2.2% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock worth $128,750,000 after acquiring an additional 27,306 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

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 stock has a 50-day moving average of $111.38 and a 200-day moving average of $105.50. The company has a market cap of $10.32 billion, a PE ratio of 20.75, a P/E/G ratio of 4.52 and a beta of 0.94. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $121.84.

Federal Realty Investment Trust Announces Dividend

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

Analysts Set New Price Targets

FRT has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Bank of America increased their price target on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank increased their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. Finally, Evercore set a $110.00 price target on Federal Realty Investment Trust in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.