Truist Financial Corp Has $13.09 Million Position in Federal Realty Investment Trust $FRT

Truist Financial Corp lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 496.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 129,198 shares of the real estate investment trust’s stock after buying an additional 107,529 shares during the period. Truist Financial Corp’s holdings in Federal Realty Investment Trust were worth $13,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its holdings in Federal Realty Investment Trust by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 514 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Federal Realty Investment Trust by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after acquiring an additional 184,557 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Federal Realty Investment Trust by 12.5% in the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 355 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Federal Realty Investment Trust by 103.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 2,928 shares during the period. Finally, Signaturefd LLC boosted its stake in Federal Realty Investment Trust by 27.4% during the second quarter. Signaturefd LLC now owns 986 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $101.10 on Friday. The company has a market cap of $8.72 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $111.82. The business has a 50 day moving average price of $100.46 and a 200-day moving average price of $98.47.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The business 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 company posted $1.71 earnings per share. Federal Realty Investment Trust’s revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays reaffirmed a “positive” rating and issued a $107.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, January 13th. UBS Group set a $113.00 price target on Federal Realty Investment Trust in a research note on Wednesday, January 14th. Mizuho set a $105.00 price target on Federal Realty Investment Trust in a report on Friday, January 9th. Truist Financial boosted 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 upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $101.00 to $115.00 in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.30.

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.