CIBC Asset Management Inc Buys 7,622 Shares of Federal Realty Investment Trust $FRT

CIBC Asset Management Inc grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 76.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,626 shares of the real estate investment trust’s stock after buying an additional 7,622 shares during the period. CIBC Asset Management Inc’s holdings in Federal Realty Investment Trust were worth $1,777,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FRT. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $734,290,000. State Street Corp increased its holdings in shares of Federal Realty Investment Trust by 1.4% in the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock valued at $675,610,000 after purchasing an additional 90,127 shares in the last quarter. Resolution Capital Ltd raised its position in shares of Federal Realty Investment Trust by 11.8% during 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 during the last quarter. Geode Capital Management LLC lifted its position in Federal Realty Investment Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after purchasing an additional 23,214 shares during the period. Finally, ProShare Advisors LLC lifted 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 during the period. 93.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FRT shares. Stifel Nicolaus lifted their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a report on Friday, February 13th. Citigroup upped their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. UBS Group set a $130.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, June 1st. Finally, Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.21.

Federal Realty Investment Trust Stock Down 0.4%

FRT stock opened at $122.05 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average price of $113.37 and a two-hundred day moving average price of $106.48. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.92 and a beta of 0.94. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $123.59.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 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.