Atria Wealth Solutions Inc. Invests $294,000 in Federal Realty Investment Trust (NYSE:FRT)

Atria Wealth Solutions Inc. acquired a new position in Federal Realty Investment Trust (NYSE:FRT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,623 shares of the real estate investment trust’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC increased its position in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the period. Truist Financial Corp increased its position in Federal Realty Investment Trust by 1.8% during the fourth quarter. Truist Financial Corp now owns 14,248 shares of the real estate investment trust’s stock worth $1,595,000 after acquiring an additional 254 shares during the period. CIBC Asset Management Inc increased its position in Federal Realty Investment Trust by 3.7% during the fourth quarter. CIBC Asset Management Inc now owns 11,152 shares of the real estate investment trust’s stock worth $1,248,000 after acquiring an additional 399 shares during the period. Principal Financial Group Inc. increased its position in Federal Realty Investment Trust by 65.6% during the fourth quarter. Principal Financial Group Inc. now owns 154,517 shares of the real estate investment trust’s stock worth $17,298,000 after acquiring an additional 61,211 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in Federal Realty Investment Trust by 16.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 71,467 shares of the real estate investment trust’s stock worth $8,001,000 after acquiring an additional 10,319 shares during the period. Institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FRT. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a report on Friday. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Raymond James lowered 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Federal Realty Investment Trust Stock Up 1.5 %

Shares of NYSE:FRT opened at $105.54 on Friday. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company’s fifty day moving average is $107.64 and its 200-day moving average is $111.67. The company has a market capitalization of $9.04 billion, a PE ratio of 30.77, a P/E/G ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.17%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Federal Realty Investment Trust 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.