Dimensional Fund Advisors LP Purchases 53,109 Shares of Federal Realty Investment Trust $FRT

Dimensional Fund Advisors LP lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 4.3% during the first quarter, Holdings Channel reports. The institutional investor owned 1,284,001 shares of the real estate investment trust’s stock after buying an additional 53,109 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Federal Realty Investment Trust were worth $136,368,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $734,290,000. AQR Capital Management LLC grew its holdings in Federal Realty Investment Trust by 116.3% in the fourth quarter. AQR Capital Management LLC now owns 1,820,547 shares of the real estate investment trust’s stock worth $183,511,000 after purchasing an additional 979,064 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Federal Realty Investment Trust by 453.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock worth $59,539,000 after purchasing an additional 481,427 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $46,415,000. Finally, Millennium Management LLC boosted its position in shares of Federal Realty Investment Trust by 1,920.6% in the 4th quarter. Millennium Management LLC now owns 477,038 shares of the real estate investment trust’s stock worth $48,085,000 after purchasing an additional 453,429 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $127.10 on Tuesday. The business has a fifty day moving average of $122.21 and a 200 day moving average of $112.37. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $127.72. 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 $10.98 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $1.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FRT. Jefferies Financial Group upgraded Federal Realty Investment Trust to a “strong-buy” rating in a research note on Friday, June 26th. Evercore set a $122.00 price target on Federal Realty Investment Trust in a report on Tuesday, July 7th. UBS Group boosted their price target on Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Citigroup boosted their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Bank of America upped their price objective on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.62.

About Federal Realty Investment Trust

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.