International Assets Investment Management LLC Purchases New Position in Federal Realty Investment Trust (NYSE:FRT)

International Assets Investment Management LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,171 shares of the real estate investment trust’s stock, valued at approximately $945,000.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. Massachusetts Financial Services Co. MA acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $80,342,000. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock worth $427,538,000 after buying an additional 509,909 shares during the last quarter. PGGM Investments lifted its position in shares of Federal Realty Investment Trust by 132.0% in the third quarter. PGGM Investments now owns 600,368 shares of the real estate investment trust’s stock worth $54,411,000 after buying an additional 341,590 shares during the last quarter. Barclays PLC boosted its stake in shares of Federal Realty Investment Trust by 101.4% during the 3rd quarter. Barclays PLC now owns 354,022 shares of the real estate investment trust’s stock worth $32,084,000 after acquiring an additional 178,285 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Federal Realty Investment Trust by 45.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 337,900 shares of the real estate investment trust’s stock valued at $30,624,000 after acquiring an additional 104,800 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on FRT. Mizuho decreased their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Bank of America raised their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial reissued a “buy” rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Barclays raised their price target on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Finally, 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $112.70.

Federal Realty Investment Trust Stock Up 1.4 %

NYSE FRT opened at $101.14 on Tuesday. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The stock has a market cap of $8.39 billion, a PE ratio of 36.12, a PEG ratio of 2.83 and a beta of 1.21. The firm has a 50-day simple moving average of $100.16 and a 200 day simple moving average of $98.22. 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 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same period last year, the company earned $1.58 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were paid a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a yield of 4.31%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.71%.

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.