Adelante Capital Management LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 222,622 shares of the real estate investment trust's stock, valued at approximately $27,480,000. Federal Realty Investment Trust makes up approximately 1.8% of Adelante Capital Management LLC's holdings, making the stock its 17th largest position. Adelante Capital Management LLC owned 0.26% of Federal Realty Investment Trust at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in FRT. Bank of America Corp DE raised its position in shares of Federal Realty Investment Trust by 90.2% in the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock valued at $54,114,000 after buying an additional 241,684 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Federal Realty Investment Trust during the first quarter worth approximately $1,519,000. UBS Group AG grew its position in Federal Realty Investment Trust by 23.3% during the fourth quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust's stock worth $38,524,000 after buying an additional 72,293 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Federal Realty Investment Trust by 1,175.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust's stock worth $1,198,000 after acquiring an additional 8,947 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in Federal Realty Investment Trust by 42,977.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust's stock worth $2,128,000 after acquiring an additional 21,059 shares during the period. Institutional investors own 93.86% of the company's stock.
Federal Realty Investment Trust Stock Down 0.0%
FRT stock opened at $117.72 on Thursday. The firm has a 50-day moving average price of $121.66 and a 200-day moving average price of $115.12. Federal Realty Investment Trust has a 12 month low of $90.03 and a 12 month high of $128.21. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $10.17 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.The company had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. During the same quarter in the prior year, the company earned $1.91 earnings per share. Federal Realty Investment Trust's revenue for the quarter was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 7.54 EPS for the current fiscal year.
Federal Realty Investment Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.13. Federal Realty Investment Trust's payout ratio is currently 91.31%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FRT. Evercore set a $122.00 target price on Federal Realty Investment Trust in a report on Tuesday, July 7th. Truist Financial increased their price objective on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a "hold" rating in a research note on Friday, June 5th. Piper Sandler raised their target price on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Mizuho set a $130.00 target price on shares of Federal Realty Investment Trust and gave the company an "outperform" rating in a research report on Monday, June 1st. Finally, Scotiabank increased their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $128.44.
Get Our Latest Report on FRT
Federal Realty Investment Trust Profile
(
Free Report)
Federal Realty Investment Trust NYSE: FRT is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.
Federal Realty's portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.
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