Fieldview Capital Management LLC Invests $1.15 Million in Federal Realty Investment Trust $FRT

Fieldview Capital Management LLC acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,366 shares of the real estate investment trust’s stock, valued at approximately $1,146,000.

Several other hedge funds have also modified their holdings of FRT. Norges Bank purchased a new stake in Federal Realty Investment Trust during the 4th quarter valued at $734,290,000. State Street Corp raised its holdings in Federal Realty Investment Trust by 1.4% during the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock valued at $675,610,000 after buying an additional 90,127 shares during the period. Resolution Capital Ltd raised its holdings in Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after buying an additional 344,189 shares during the period. Geode Capital Management LLC raised its holdings in Federal Realty Investment Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after buying an additional 23,214 shares during the period. Finally, Rush Island Management LP raised its holdings in Federal Realty Investment Trust by 13.3% during the 2nd quarter. Rush Island Management LP now owns 1,605,736 shares of the real estate investment trust’s stock valued at $152,529,000 after buying an additional 188,116 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FRT. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, May 29th. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Truist Financial increased their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. Barclays increased their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Finally, Evercore set a $110.00 price objective on Federal Realty Investment Trust in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $123.21.

Federal Realty Investment Trust Trading Down 0.1%

Federal Realty Investment Trust stock opened at $125.73 on Monday. The stock has a 50-day moving average of $114.95 and a two-hundred day moving average of $107.26. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.41. The stock has a market cap of $10.86 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed 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. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 78.47%.

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.