Allianz Asset Management GmbH Boosts Stake in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Allianz Asset Management GmbH increased its stake in Federal Realty Investment Trust by 8.2% during the first quarter, now owning approximately 0.20% of the company valued at $16.44 million.
• Several hedge funds have also increased their positions in Federal Realty Investment Trust, with a cumulative 93.86% of the stock owned by institutional investors.
• Federal Realty Investment Trust recently announced a quarterly dividend of $1.10 per share, yielding 4.67%, and has a payout ratio of 126.07%.

Allianz Asset Management GmbH boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 168,065 shares of the real estate investment trust's stock after buying an additional 12,681 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Federal Realty Investment Trust worth $16,440,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 130 shares during the period. Park Square Financial Group LLC bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $30,000. CX Institutional bought a new position in Federal Realty Investment Trust during the first quarter worth about $44,000. Kapitalo Investimentos Ltda bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $51,000. Finally, NBC Securities Inc. bought a new position in Federal Realty Investment Trust during the first quarter worth about $69,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded down $0.47 during trading hours on Friday, hitting $94.24. 856,517 shares of the company's stock were exchanged, compared to its average volume of 656,564. The company has a market capitalization of $8.08 billion, a PE ratio of 27.00, a PEG ratio of 3.76 and a beta of 1.09. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The business's 50 day simple moving average is $95.14 and its 200-day simple moving average is $98.17. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio is 126.07%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of analyst reports. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price for the company. in a research report on Monday, June 23rd. Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Piper Sandler dropped their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Mizuho decreased their price objective on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of $111.29.

Federal Realty Investment Trust 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.