Creative Planning Purchases 2,320 Shares of Federal Realty Investment Trust $FRT

Creative Planning grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 29.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,208 shares of the real estate investment trust’s stock after purchasing an additional 2,320 shares during the quarter. Creative Planning’s holdings in Federal Realty Investment Trust were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FRT. Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 2.1% during the second quarter. Geode Capital Management LLC now owns 2,167,533 shares of the real estate investment trust’s stock valued at $205,527,000 after buying an additional 44,245 shares during the period. ProShare Advisors LLC increased its holdings in Federal Realty Investment Trust by 4.9% in the 2nd quarter. ProShare Advisors LLC now owns 1,700,731 shares of the real estate investment trust’s stock worth $161,552,000 after acquiring an additional 80,131 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Federal Realty Investment Trust by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust’s stock valued at $127,442,000 after purchasing an additional 17,634 shares in the last quarter. Northern Trust Corp boosted its position in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock worth $125,179,000 after purchasing an additional 44,935 shares during the period. Finally, PGGM Investments increased its stake in shares of Federal Realty Investment Trust by 23.7% in the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after purchasing an additional 238,679 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a report on Tuesday, October 7th. Stifel Nicolaus set a $104.50 target price on shares of Federal Realty Investment Trust in a report on Friday, October 31st. Evercore ISI cut their target price on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.96.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $98.89 on Monday. The stock has a 50 day moving average price of $98.13 and a 200-day moving average price of $96.77. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.09. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, beating 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 $321.97 million for the quarter, compared to analysts’ expectations of $318.73 million. During the same quarter in the previous year, the business posted $1.71 earnings per share. The business’s 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. Equities analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

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