Federal Realty Investment Trust (NYSE:FRT) Position Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,593 shares of the real estate investment trust’s stock after purchasing an additional 5,964 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.15% of Federal Realty Investment Trust worth $12,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in shares of Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 130 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $30,000. CX Institutional purchased a new stake in shares of Federal Realty Investment Trust in the first quarter worth approximately $44,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FRT. BMO Capital Markets reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Barclays began coverage on shares of Federal Realty Investment Trust in a research report on Wednesday. They issued an “overweight” rating and a $106.00 price target for the company. UBS Group reduced their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, June 16th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average price target of $112.07.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $95.73 on Friday. The firm has a market cap of $8.21 billion, a PE ratio of 27.43, a PEG ratio of 4.12 and a beta of 1.09. The firm’s 50 day moving average price is $95.37 and its 200 day moving average price is $99.94. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter last year, the firm posted $1.64 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.60%. Federal Realty Investment Trust’s payout ratio is 126.07%.

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.