Franklin Resources Inc. Has $4.61 Million Stake in Federal Realty Investment Trust $FRT

Franklin Resources Inc. lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 29.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,534 shares of the real estate investment trust’s stock after buying an additional 11,110 shares during the period. Franklin Resources Inc. owned approximately 0.06% of Federal Realty Investment Trust worth $4,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hilltop National Bank bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $28,000. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust in the first quarter valued at about $30,000. Spire Wealth Management lifted its position in 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 worth $32,000 after purchasing an additional 263 shares during the period. Federated Hermes Inc. grew its stake in Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Dagco Inc. bought a new position in Federal Realty Investment Trust in the 1st quarter valued at about $34,000. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $105.00 price target on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a report on Tuesday, October 7th. Barclays reaffirmed an “equal weight” rating and issued a $106.00 target price (down previously from $113.00) on shares of Federal Realty Investment Trust in a report on Tuesday, November 18th. JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company started coverage on Federal Realty Investment Trust in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.96.

Federal Realty Investment Trust Stock Down 0.4%

Shares of FRT opened at $98.30 on Tuesday. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.78 and a beta of 1.14. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $116.40. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a fifty day moving average of $98.10 and a 200-day moving average of $96.78.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business had revenue of $321.97 million during the quarter, compared to analysts’ expectations of $318.73 million. During the same quarter in the prior year, the firm earned $1.71 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

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

Federal Realty Investment Trust 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.