Vert Asset Management LLC Acquires 3,617 Shares of Federal Realty Investment Trust (NYSE:FRT)

Vert Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 12.3% in the fourth quarter, HoldingsChannel reports. The firm owned 33,024 shares of the real estate investment trust’s stock after acquiring an additional 3,617 shares during the period. Federal Realty Investment Trust makes up 1.3% of Vert Asset Management LLC’s portfolio, making the stock its 24th biggest position. Vert Asset Management LLC’s holdings in Federal Realty Investment Trust were worth $3,697,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FRT. Janus Henderson Group PLC raised its holdings in shares of Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after buying an additional 572,008 shares during the last quarter. FMR LLC increased its position in Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after acquiring an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after acquiring an additional 496,129 shares during the last quarter. Millennium Management LLC lifted its position in shares of Federal Realty Investment Trust by 304.0% during the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $26,548,000. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Scotiabank raised their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $123.92.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $110.00 on Tuesday. The firm has a market capitalization of $9.12 billion, a P/E ratio of 31.98, a PEG ratio of 1.92 and a beta of 1.25. The business has a 50-day moving average of $110.65 and a 200-day moving average of $112.14. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.00%. The ex-dividend date was Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.