Centersquare Investment Management LLC Sells 663,213 Shares of Federal Realty Investment Trust $FRT

Centersquare Investment Management LLC trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 52.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 607,641 shares of the real estate investment trust’s stock after selling 663,213 shares during the quarter. Centersquare Investment Management LLC owned 0.70% of Federal Realty Investment Trust worth $61,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $25,000. Turning Point Benefit Group Inc. increased its stake in shares of Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares during the period. True Wealth Design LLC increased its stake in shares of Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA increased its stake in shares of Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Federal Realty Investment Trust during the third quarter valued at $35,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Price Performance

FRT opened at $124.80 on Friday. The business’s 50-day moving average is $114.56 and its two-hundred day moving average is $107.06. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $125.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $10.78 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is 78.47%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Mizuho set a $130.00 price target on Federal Realty Investment Trust and gave the company an “outperform” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. raised their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Truist Financial raised their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Stifel Nicolaus raised their price target on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.21.

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.