Federal Realty Investment Trust $FRT Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,198,241 shares of the real estate investment trust’s stock after purchasing an additional 23,214 shares during the quarter. Geode Capital Management LLC owned approximately 2.55% of Federal Realty Investment Trust worth $221,217,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Danske Bank A S increased its holdings in shares of Federal Realty Investment Trust by 16.7% during the 4th quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 100 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Federal Realty Investment Trust by 2.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 103 shares in the last quarter. Equitable Holdings Inc. increased its holdings in shares of Federal Realty Investment Trust by 3.5% during the 3rd quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Federal Realty Investment Trust by 18.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 109 shares in the last quarter. Finally, Fort Point Capital Partners LLC increased its holdings in shares of Federal Realty Investment Trust by 1.4% during the 3rd quarter. Fort Point Capital Partners LLC now owns 7,757 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 110 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FRT shares. Piper Sandler reaffirmed an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. Truist Financial lifted their target price on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Mizuho set a $130.00 target price on shares of Federal Realty Investment Trust and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus lifted their target price on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.79.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $119.27 on Wednesday. The firm has a market cap of $10.30 billion, a PE ratio of 20.71, a PEG ratio of 4.49 and a beta of 0.94. The firm has a fifty day moving average of $111.63 and a 200 day moving average of $105.64. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $121.84.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 78.47%.

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.