Kestra Private Wealth Services LLC Acquires 6,674 Shares of Federal Realty Investment Trust $FRT

Kestra Private Wealth Services LLC grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 173.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,523 shares of the real estate investment trust’s stock after purchasing an additional 6,674 shares during the period. Kestra Private Wealth Services LLC’s holdings in Federal Realty Investment Trust were worth $1,118,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Danske Bank A S lifted its stake in shares of Federal Realty Investment Trust by 16.7% in the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 100 shares in the last quarter. New Mexico Educational Retirement Board increased its position in shares of Federal Realty Investment Trust by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 100 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of Federal Realty Investment Trust by 3.5% during the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Federal Realty Investment Trust by 18.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 109 shares during the last quarter. Finally, Fort Point Capital Partners LLC raised its holdings in Federal Realty Investment Trust by 1.4% in the 3rd quarter. Fort Point Capital Partners LLC now owns 7,757 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 110 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $123.51 on Wednesday. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.41. The stock’s fifty day moving average is $118.45 and its 200 day moving average is $109.41. The stock has a market cap of $10.67 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.98 and a beta of 0.94. 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 Announces Dividend

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 given a $1.13 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio is presently 78.47%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FRT. Barclays increased their price objective on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Bank of America upped their target price on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Friday, May 29th. Finally, UBS Group set a $130.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $124.20.

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.