Algert Global LLC Acquires 72,491 Shares of Federal Realty Investment Trust (NYSE:FRT)

Algert Global LLC increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 161.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,319 shares of the real estate investment trust's stock after acquiring an additional 72,491 shares during the quarter. Algert Global LLC owned approximately 0.14% of Federal Realty Investment Trust worth $13,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in Federal Realty Investment Trust by 3.4% in the third quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust's stock valued at $15,232,000 after acquiring an additional 4,324 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $221,000. Tidal Investments LLC increased its position in shares of Federal Realty Investment Trust by 6.2% during the third quarter. Tidal Investments LLC now owns 2,607 shares of the real estate investment trust's stock valued at $297,000 after buying an additional 153 shares during the period. Retirement Systems of Alabama increased its position in shares of Federal Realty Investment Trust by 0.4% during the third quarter. Retirement Systems of Alabama now owns 59,392 shares of the real estate investment trust's stock valued at $6,828,000 after buying an additional 244 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after buying an additional 7,501 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded down $1.63 during trading on Friday, reaching $93.60. The company had a trading volume of 605,702 shares, compared to its average volume of 810,137. The firm's 50-day simple moving average is $94.92 and its 200 day simple moving average is $105.02. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

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

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 128.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FRT shares. JPMorgan Chase & Co. reduced their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, April 23rd. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.00.

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.