Bank of New York Mellon Corp Has $68.93 Million Position in Federal Realty Investment Trust $FRT

Bank of New York Mellon Corp reduced its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 683,795 shares of the real estate investment trust’s stock after selling 74,236 shares during the period. Bank of New York Mellon Corp owned approximately 0.79% of Federal Realty Investment Trust worth $68,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FRT. Jones Financial Companies Lllp increased its stake in Federal Realty Investment Trust by 21.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 514 shares during the period. Goldman Sachs Group Inc. increased its stake in Federal Realty Investment Trust by 43.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock worth $59,922,000 after acquiring an additional 184,557 shares during the period. Empowered Funds LLC increased its stake in Federal Realty Investment Trust by 12.5% during the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 355 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Federal Realty Investment Trust during the 2nd quarter worth $2,895,000. Finally, EverSource Wealth Advisors LLC increased its stake in Federal Realty Investment Trust by 18.8% during 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 period. 93.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FRT has been the topic of a number of recent research reports. Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the stock an “outperform” rating in a research note on Monday, June 1st. Barclays lifted their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Truist Financial lifted their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a research note on Friday. Scotiabank lifted their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $123.21.

Federal Realty Investment Trust Trading Up 1.9%

NYSE FRT opened at $124.37 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $125.01. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.94. The business’s fifty day moving average is $113.80 and its 200 day moving average is $106.67.

Federal Realty Investment Trust Dividend Announcement

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 issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 annualized dividend and a yield of 3.6%. Federal Realty Investment Trust’s payout ratio is presently 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.