Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,860 shares of the real estate investment trust’s stock after purchasing an additional 3,063 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Federal Realty Investment Trust were worth $4,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FRT. Janus Henderson Group PLC raised its position 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 grew its stake 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 worth $65,856,000 after acquiring an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Federal Realty Investment Trust by 456.2% in the 3rd 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 valued at $69,544,000 after acquiring an additional 496,129 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $26,548,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after purchasing an additional 218,671 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $96.80 on Friday. The firm has a market capitalization of $8.29 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34. The stock’s 50 day moving average price is $103.78 and its 200 day moving average price is $109.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citigroup reiterated a “neutral” rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Raymond James decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.62.

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.