Federal Realty Investment Trust $FRT Shares Bought by Amundi

Amundi boosted its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 19.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 263,832 shares of the real estate investment trust's stock after purchasing an additional 42,168 shares during the quarter. Amundi owned about 0.31% of Federal Realty Investment Trust worth $24,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 130 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $30,000. GKV Capital Management Co. Inc. purchased a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $30,000. Federated Hermes Inc. lifted its stake in Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 200 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore ISI reduced their price objective on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Raymond James Financial reduced their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Mizuho increased their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.31.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT traded down $0.06 during midday trading on Friday, hitting $101.74. The stock had a trading volume of 556,679 shares, compared to its average volume of 656,738. The stock has a 50 day moving average price of $96.08 and a two-hundred day moving average price of $95.69. The company has a market capitalization of $8.78 billion, a PE ratio of 25.76, a P/E/G ratio of 3.89 and a beta of 1.16. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.

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, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.Federal Realty Investment Trust's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $1.13 dividend. The ex-dividend date is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.4%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 111.39%.

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.