GAMMA Investing LLC Has $195,000 Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

GAMMA Investing LLC cut its position in Federal Realty Investment Trust (NYSE:FRT) by 35.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,994 shares of the real estate investment trust’s stock after selling 1,110 shares during the quarter. GAMMA Investing LLC’s holdings in Federal Realty Investment Trust were worth $195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRT. Versant Capital Management Inc raised its holdings in shares of Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 130 shares during the period. Park Square Financial Group LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter worth approximately $30,000. Kapitalo Investimentos Ltda bought a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC raised its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the period. Finally, NBC Securities Inc. bought a new position in Federal Realty Investment Trust during the first quarter worth $69,000. 93.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Raymond James Financial decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. UBS Group decreased their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 price objective for the company. in a report on Monday, June 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.07.

Federal Realty Investment Trust Stock Up 0.9%

FRT stock opened at $95.73 on Friday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 4.12 and a beta of 1.09. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. The firm has a 50-day moving average price of $95.37 and a 200-day moving average price of $99.94. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

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

Federal Realty Investment Trust Announces Dividend

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

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.