Federal Realty Investment Trust $FRT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 48.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 366,769 shares of the real estate investment trust’s stock after selling 338,083 shares during the quarter. Hsbc Holdings PLC’s holdings in Federal Realty Investment Trust were worth $36,982,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FRT. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth $25,000. Turning Point Benefit Group Inc. lifted its position in Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 241 shares during the last quarter. True Wealth Design LLC lifted its position in Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares during the last quarter. Private Trust Co. NA boosted its stake in Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at $35,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.9%

NYSE FRT opened at $120.55 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $10.41 billion, a PE ratio of 20.93, a P/E/G ratio of 2.89 and a beta of 0.93. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.41. The firm’s fifty day moving average is $119.23 and its two-hundred day moving average is $110.00.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a dividend yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 78.47%.

Analysts Set New Price Targets

A number of research firms have recently commented on FRT. Mizuho set a $130.00 target price on Federal Realty Investment Trust and gave the stock an “outperform” rating in a research report on Monday, June 1st. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, May 29th. Bank of America lifted their price target on Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Truist Financial boosted their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.20.

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.