Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Rush Island Management LP

Rush Island Management LP boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,188,734 shares of the real estate investment trust's stock after purchasing an additional 182,120 shares during the quarter. Federal Realty Investment Trust comprises 8.8% of Rush Island Management LP's portfolio, making the stock its 4th largest holding. Rush Island Management LP owned approximately 1.43% of Federal Realty Investment Trust worth $133,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $51,000. Venturi Wealth Management LLC boosted its position in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its position in Federal Realty Investment Trust by 25.0% during 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 during the period. Brown Brothers Harriman & Co. boosted its position in Federal Realty Investment Trust by 592.0% during the fourth 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 period. Finally, Headlands Technologies LLC bought a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $91,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $96.67 on Friday. The business has a fifty day simple moving average of $94.35 and a 200 day simple moving average of $104.41. 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 $8.29 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its 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. The business had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Federal Realty Investment Trust's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.55%. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FRT shares. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Wells Fargo & Company cut their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Scotiabank cut their price target on Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial lowered Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price target for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, Citigroup reiterated a "neutral" rating and set a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.

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