Corient Private Wealth LLC Has $1.13 Million Stock Position in Federal Realty Investment Trust $FRT

Corient Private Wealth LLC lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 81.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,200 shares of the real estate investment trust’s stock after purchasing an additional 5,014 shares during the quarter. Corient Private Wealth LLC’s holdings in Federal Realty Investment Trust were worth $1,129,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $734,290,000. State Street Corp lifted its holdings in shares of Federal Realty Investment Trust by 1.4% in the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after purchasing an additional 90,127 shares in the last quarter. Resolution Capital Ltd lifted its holdings in shares of Federal Realty Investment Trust by 11.8% in 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. grew its position in Federal Realty Investment Trust by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after purchasing an additional 72,718 shares during the period. Finally, Geode Capital Management LLC grew its position 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 valued at $221,217,000 after purchasing an additional 23,214 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Down 2.4%

Shares of NYSE FRT opened at $120.47 on Thursday. The stock has a market capitalization of $10.41 billion, a PE ratio of 20.92, a P/E/G ratio of 2.94 and a beta of 0.93. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.41. 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 business’s fifty day moving average price is $118.61 and its 200-day moving average price is $109.56.

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 given a dividend of $1.13 per share. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

Analysts Set New Price Targets

FRT has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Bank of America boosted their target price on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday. 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. Piper Sandler reaffirmed an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $135.00 price target on shares of Federal Realty Investment Trust in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.