RWC Asset Management LLP Sells 13,570 Shares of Federal Realty Investment Trust $FRT

RWC Asset Management LLP lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 185,015 shares of the real estate investment trust’s stock after selling 13,570 shares during the period. RWC Asset Management LLP owned approximately 0.21% of Federal Realty Investment Trust worth $18,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascent Group LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth approximately $1,146,000. Abel Hall LLC acquired a new stake in Federal Realty Investment Trust in the second quarter valued at $392,000. Wealth Enhancement Advisory Services LLC grew its stake in Federal Realty Investment Trust by 103.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock worth $553,000 after purchasing an additional 2,928 shares in the last quarter. PGGM Investments increased its holdings in shares of Federal Realty Investment Trust by 23.7% in the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after acquiring an additional 238,679 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 32.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,311 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 1,553 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FRT has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $107.00 to $114.00 in a report on Thursday, December 18th. Wells Fargo & Company started coverage on Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 target price on the stock. Mizuho set a $105.00 price target on Federal Realty Investment Trust in a report on Friday. Truist Financial raised their price objective on Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Finally, Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $101.00 to $115.00 in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $109.63.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $101.80 on Tuesday. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $111.82. The firm’s 50-day moving average price is $99.07 and its 200-day moving average price is $97.78. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. The company has a market cap of $8.78 billion, a PE ratio of 25.84, a PEG ratio of 3.64 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The business had revenue of $321.97 million for the quarter, compared to analysts’ expectations of $318.73 million. During the same quarter in the previous year, the company earned $1.71 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a $1.13 dividend. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio is 114.72%.

Federal Realty Investment Trust Company 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.