147,598 Shares in Federal Realty Investment Trust (NYSE:FRT) Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 147,598 shares of the real estate investment trust's stock, valued at approximately $16,524,000. Hudson Bay Capital Management LP owned about 0.18% of Federal Realty Investment Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Federal Realty Investment Trust in the 4th quarter worth about $810,544,000. Centersquare Investment Management LLC grew its stake in shares of Federal Realty Investment Trust by 935.8% in the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock worth $116,654,000 after acquiring an additional 941,414 shares during the period. Invesco Ltd. raised its holdings in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the last quarter. Northern Trust Corp lifted its position in Federal Realty Investment Trust by 73.4% during the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock valued at $138,231,000 after purchasing an additional 522,531 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Federal Realty Investment Trust in the fourth quarter worth approximately $40,641,000. Institutional investors own 93.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Citigroup reaffirmed a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Scotiabank cut their target price on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Raymond James decreased 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 research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Federal Realty Investment Trust Trading Down 1.7 %

Shares of FRT stock opened at $93.57 on Friday. 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 stock has a fifty day simple moving average of $94.73 and a two-hundred day simple moving average of $104.81. The firm has a market capitalization of $8.03 billion, a PE ratio of 27.28, a PEG ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same quarter last year, the business posted $1.64 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.70%. Federal Realty Investment Trust's dividend payout ratio is currently 128.28%.

About Federal Realty Investment Trust

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.

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