Ameriprise Financial Inc. Buys 19,408 Shares of Federal Realty Investment Trust (NYSE:FRT)

Ameriprise Financial Inc. raised its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 24.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 99,426 shares of the real estate investment trust's stock after buying an additional 19,408 shares during the period. Ameriprise Financial Inc. owned about 0.12% of Federal Realty Investment Trust worth $11,131,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in FRT. JPMorgan Chase & Co. grew its holdings in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after acquiring an additional 168,885 shares during the period. LPL Financial LLC grew its stake in shares of Federal Realty Investment Trust by 17.5% during the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after purchasing an additional 12,387 shares during the period. Vert Asset Management LLC increased its holdings in Federal Realty Investment Trust by 12.3% in the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock valued at $3,697,000 after purchasing an additional 3,617 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after buying an additional 7,501 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after acquiring an additional 175 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on FRT. Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price objective for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Piper Sandler dropped their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday. Mizuho decreased their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.64.

Federal Realty Investment Trust Price Performance

FRT traded down $1.09 on Friday, hitting $92.57. 624,068 shares of the stock were exchanged, compared to its average volume of 689,439. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.20 and a beta of 1.10. The business has a 50-day moving average of $94.17 and a two-hundred day moving average of $103.65. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $302.29 million for 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%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 EPS. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio is 126.07%.

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.