BNP Paribas Financial Markets Acquires 13,419 Shares of Federal Realty Investment Trust $FRT

BNP Paribas Financial Markets grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 148,006 shares of the real estate investment trust’s stock after purchasing an additional 13,419 shares during the quarter. BNP Paribas Financial Markets’ holdings in Federal Realty Investment Trust were worth $14,919,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Federal Realty Investment Trust in the fourth quarter worth approximately $25,000. Turning Point Benefit Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares during the period. True Wealth Design LLC boosted its holdings in shares of Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA boosted its holdings in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth $35,000. 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 $122.71 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $123.59. The firm has a fifty day moving average price of $113.00 and a two-hundred day moving average price of $106.22. The company has a market cap of $10.60 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94.

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 issued a $1.13 dividend. The ex-dividend date of this dividend 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 78.47%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Scotiabank upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped 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 report on Thursday, May 14th. Bank of America upped their price objective on shares of Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One 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. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $123.21.

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.