Entropy Technologies LP Has $2.46 Million Position in Federal Realty Investment Trust $FRT

Entropy Technologies LP raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 449.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,129 shares of the real estate investment trust’s stock after buying an additional 18,916 shares during the period. Entropy Technologies LP’s holdings in Federal Realty Investment Trust were worth $2,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Federal Realty Investment Trust by 97.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,120 shares of the real estate investment trust’s stock valued at $3,148,000 after acquiring an additional 15,329 shares during the last quarter. M&T Bank Corp bought a new position in Federal Realty Investment Trust during the 4th quarter worth approximately $4,472,000. UBS Group AG raised its holdings in Federal Realty Investment Trust by 23.3% during the 4th quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust’s stock worth $38,524,000 after purchasing an additional 72,293 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 21,059 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Federal Realty Investment Trust by 11.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust’s stock worth $43,951,000 after purchasing an additional 43,685 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

FRT has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Scotiabank lifted 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 research note on Tuesday, May 19th. UBS Group boosted their target price on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Bank of America upped their price target on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Wolfe Research assumed coverage on Federal Realty Investment Trust in a report on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price target for the company. Three equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $126.07 on Monday. The firm has a market cap of $10.89 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $126.86. The business’s 50 day moving average price is $121.97 and its two-hundred day moving average price is $112.19. 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $1.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

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.