Brighton Jones LLC Makes New Investment in Federal Realty Investment Trust $FRT

Brighton Jones LLC bought a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 5,045 shares of the real estate investment trust’s stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in Federal Realty Investment Trust during the 2nd quarter worth approximately $690,507,000. GRS Advisors LLC acquired a new position in shares of Federal Realty Investment Trust in the second quarter worth $47,517,000. Resolution Capital Ltd grew its stake in shares of Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after acquiring an additional 344,189 shares in the last quarter. Strs Ohio purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth $32,181,000. Finally, Lasalle Investment Management Securities LLC raised its stake in shares of Federal Realty Investment Trust by 1,816.7% in the second quarter. Lasalle Investment Management Securities LLC now owns 296,392 shares of the real estate investment trust’s stock valued at $28,154,000 after acquiring an additional 280,928 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $102.33 on Friday. The stock’s 50-day moving average is $98.50 and its two-hundred day moving average is $97.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $113.00. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.76 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, beating 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 firm had revenue of $321.97 million during the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the prior year, the firm earned $1.71 EPS. Federal Realty Investment Trust’s revenue for the quarter 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. Analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on FRT shares. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $107.00 to $114.00 in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday. 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 research note on Tuesday, October 7th. LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a “strong-buy” rating in a report on Tuesday, September 9th. Finally, Wells Fargo & Company initiated coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.30.

Federal Realty Investment Trust 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.