1832 Asset Management L.P. Takes Position in Federal Realty Investment Trust $FRT

Key Points

• 1832 Asset Management L.P. invested approximately $2.49 million in Federal Realty Investment Trust, acquiring 25,423 shares in the first quarter.
• Federal Realty Investment Trust recently increased its quarterly dividend to $1.13 per share, reflecting a 4.5% yield, up from $1.10.
• Several analysts have set new price targets for Federal Realty Investment Trust, with a consensus target of $110.43 and a "Moderate Buy" rating.

1832 Asset Management L.P. purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,423 shares of the real estate investment trust's stock, valued at approximately $2,487,000.

Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in Federal Realty Investment Trust by 77.2% during the fourth quarter. NewEdge Advisors LLC now owns 6,677 shares of the real estate investment trust's stock valued at $748,000 after purchasing an additional 2,908 shares during the last quarter. First Trust Advisors LP increased its position in shares of Federal Realty Investment Trust by 18.9% during the fourth quarter. First Trust Advisors LP now owns 15,494 shares of the real estate investment trust's stock valued at $1,734,000 after buying an additional 2,463 shares during the period. MetLife Investment Management LLC increased its position in shares of Federal Realty Investment Trust by 3.0% in the fourth quarter. MetLife Investment Management LLC now owns 22,620 shares of the real estate investment trust's stock worth $2,532,000 after purchasing an additional 653 shares during the last quarter. MML Investors Services LLC increased its position in shares of Federal Realty Investment Trust by 8.2% in the fourth quarter. MML Investors Services LLC now owns 17,088 shares of the real estate investment trust's stock worth $1,913,000 after purchasing an additional 1,296 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Federal Realty Investment Trust by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 334,348 shares of the real estate investment trust's stock valued at $37,432,000 after acquiring an additional 19,529 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

FRT has been the topic of a number of recent research reports. Scotiabank reiterated an "outperform" rating and set a $114.00 price target on shares of Federal Realty Investment Trust in a research report on Thursday. UBS Group dropped their price target on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. BMO Capital Markets reissued an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. JPMorgan Chase & Co. raised their price objective on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Mizuho raised their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $110.79.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded up $0.84 on Friday, hitting $100.66. 907,889 shares of the company traded hands, compared to its average volume of 848,269. The stock has a market capitalization of $8.68 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 3.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The business has a 50-day simple moving average of $94.92 and a 200 day simple moving average of $96.02.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to analysts' expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. Research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. Federal Realty Investment Trust's payout ratio is currently 111.39%.

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.