SG Americas Securities LLC Has $1.99 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

SG Americas Securities LLC increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 55.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,305 shares of the real estate investment trust’s stock after purchasing an additional 6,897 shares during the quarter. SG Americas Securities LLC’s holdings in Federal Realty Investment Trust were worth $1,989,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FRT. Creative Planning lifted its stake in shares of Federal Realty Investment Trust by 3.9% in the second quarter. Creative Planning now owns 2,840 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 106 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Federal Realty Investment Trust by 14.4% in the 3rd quarter. Lazard Asset Management LLC now owns 1,006 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 127 shares during the period. Peapack Gladstone Financial Corp lifted its position in Federal Realty Investment Trust by 0.6% during the 1st quarter. Peapack Gladstone Financial Corp now owns 21,697 shares of the real estate investment trust’s stock worth $2,144,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Federal Realty Investment Trust by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock valued at $3,310,000 after acquiring an additional 130 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in Federal Realty Investment Trust by 3.7% during the fourth quarter. Neuberger Berman Group LLC now owns 3,670 shares of the real estate investment trust’s stock valued at $371,000 after acquiring an additional 132 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 2.8 %

Shares of FRT stock opened at $101.54 on Thursday. The firm has a fifty day moving average of $100.84 and a 200-day moving average of $97.47. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.83 and a beta of 1.21. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $107.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. On average, equities research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 4.29%. The ex-dividend date is Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio is 155.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FRT. Wells Fargo & Company raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Federal Realty Investment Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $109.00 price target for the company. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 28th. Truist Financial reaffirmed a “buy” rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday. Finally, Piper Sandler increased their price target on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $112.60.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.