Hsbc Holdings PLC Has $36.98 Million Stock Holdings in Federal Realty Investment Trust $FRT

Hsbc Holdings PLC trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 48.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,769 shares of the real estate investment trust’s stock after selling 338,083 shares during the quarter. Hsbc Holdings PLC owned approximately 0.43% of Federal Realty Investment Trust worth $36,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRT. Centersquare Investment Management LLC raised its stake in shares of Federal Realty Investment Trust by 2.2% during the third quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock worth $128,750,000 after buying an additional 27,306 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Federal Realty Investment Trust by 20.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 114,249 shares of the real estate investment trust’s stock worth $11,575,000 after acquiring an additional 19,412 shares during the period. Schroder Investment Management Group acquired a new stake in Federal Realty Investment Trust during the 3rd quarter worth $33,779,000. Jain Global LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $15,046,000. Finally, Groupama Asset Managment bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $1,777,000. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

FRT opened at $123.47 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 12 month low of $89.99 and a 12 month high of $126.41. The company has a fifty day simple moving average of $117.02 and a 200 day simple moving average of $108.43. The stock has a market cap of $10.67 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.90 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The firm 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. This represents a $4.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a research report on Monday, June 1st. Citigroup increased their target price on 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 raised their target price on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company boosted their target price on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.21.

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.