SG Americas Securities LLC lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 2,342.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,144 shares of the real estate investment trust’s stock after buying an additional 148,791 shares during the period. SG Americas Securities LLC owned about 0.18% of Federal Realty Investment Trust worth $15,639,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of FRT. Norges Bank bought a new position in Federal Realty Investment Trust during the second quarter valued at approximately $690,507,000. State Street Corp lifted its holdings in shares of Federal Realty Investment Trust by 1.4% in the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after acquiring an additional 90,127 shares during the last quarter. Resolution Capital Ltd lifted its holdings in shares of Federal Realty Investment Trust by 11.8% in the 2nd 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 during the last quarter. Invesco Ltd. boosted its stake in shares of Federal Realty Investment Trust by 3.1% in the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock valued at $257,700,000 after purchasing an additional 82,312 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Federal Realty Investment Trust by 5.7% in the 3rd quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock valued at $182,054,000 after purchasing an additional 96,271 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.
Federal Realty Investment Trust Stock Performance
Shares of NYSE:FRT opened at $102.79 on Friday. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 4.52 and a beta of 0.99. The company has a 50-day moving average price of $105.14 and a 200-day moving average price of $101.27. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $110.89.
Federal Realty Investment Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 96.79%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on FRT. Weiss Ratings cut shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Scotiabank upped their price target on shares of Federal Realty Investment Trust from $113.00 to $118.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Jefferies Financial Group raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $101.00 to $115.00 in a research note on Monday, December 15th. Mizuho set a $105.00 price objective on Federal Realty Investment Trust in a report on Friday, January 9th. Finally, Truist Financial boosted their target price on Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $112.57.
Check Out Our Latest Research Report on FRT
About Federal Realty Investment Trust
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.
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