ProShare Advisors LLC Purchases 80,131 Shares of Federal Realty Investment Trust $FRT

ProShare Advisors LLC boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,700,731 shares of the real estate investment trust’s stock after acquiring an additional 80,131 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Realty Investment Trust were worth $161,552,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hilltop National Bank bought a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $28,000. GKV Capital Management Co. Inc. bought a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $30,000. Spire Wealth Management boosted its position in shares of Federal Realty Investment Trust by 365.3% during the second quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 263 shares during the last quarter. Federated Hermes Inc. lifted its stake in Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Dagco Inc. purchased a new position in Federal Realty Investment Trust during the 1st quarter worth $34,000. 93.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus set a $104.50 target price on shares of Federal Realty Investment Trust in a research note on Friday, October 31st. Finally, Wells Fargo & Company began coverage on Federal Realty Investment Trust in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $108.46.

Federal Realty Investment Trust Stock Up 1.5%

FRT stock opened at $97.32 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $8.40 billion, a PE ratio of 24.64, a PEG ratio of 3.78 and a beta of 1.14. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.09. The stock has a 50-day simple moving average of $99.06 and a two-hundred day simple moving average of $96.53.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business had revenue of $322.25 million for the quarter, compared to analyst estimates of $318.73 million. During the same quarter in the prior year, the firm posted $1.71 EPS. Federal Realty Investment Trust’s revenue was up 6.2% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 114.72%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.