Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,207 shares of the real estate investment trust's stock after purchasing an additional 3,941 shares during the quarter. AQR Capital Management LLC owned about 0.13% of Federal Realty Investment Trust worth $11,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 worth $62,000 after purchasing an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 592 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $91,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $101,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FRT. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and dropped their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Scotiabank decreased 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 report on Wednesday, April 23rd. Citigroup restated a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $116.00.

Federal Realty Investment Trust Stock Down 1.7 %

Shares of NYSE:FRT traded down $1.66 during trading hours on Friday, reaching $93.57. The stock had a trading volume of 1,249,883 shares, compared to its average volume of 678,394. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 1.10. The firm's 50 day moving average is $94.73 and its 200-day moving average is $104.87. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year 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.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same period in the previous year, the business earned $1.64 EPS. Federal Realty Investment Trust's revenue for the quarter was up 6.1% on a year-over-year basis. 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, July 15th. Investors of record on Tuesday, July 1st will be given 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 (DPR) is presently 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.