DGS Capital Management LLC Takes $450,000 Position in Federal Realty Investment Trust $FRT

DGS Capital Management LLC acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,460 shares of the real estate investment trust’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FRT. Norges Bank purchased a new position in Federal Realty Investment Trust in the fourth quarter worth $734,290,000. State Street Corp raised its stake in shares of Federal Realty Investment Trust by 1.4% during the 3rd 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 during the period. Resolution Capital Ltd lifted its holdings in Federal Realty Investment Trust by 11.8% during 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 purchasing an additional 344,189 shares in the last quarter. Invesco Ltd. lifted its holdings in Federal Realty Investment Trust by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock worth $275,466,000 after purchasing an additional 72,718 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Federal Realty Investment Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock worth $221,217,000 after purchasing an additional 23,214 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $120.51 on Friday. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $126.41. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The company has a market cap of $10.41 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The stock has a 50-day moving average price of $116.44 and a 200-day moving average price of $108.01.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared 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 dividend on an annualized basis 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 currently 78.47%.

Analysts Set New Price Targets

FRT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, May 4th. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted 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 research note on Tuesday, May 26th. Finally, Scotiabank upped their target price on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.21.

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.