APG Asset Management US Inc. Boosts Holdings in Federal Realty Investment Trust $FRT

Key Points

• APG Asset Management US Inc. increased its stake in Federal Realty Investment Trust by 111.4%, owning 382,214 shares valued at $37.07 million as of the end of the first quarter.
• Federal Realty Investment Trust announced a dividend increase to $1.13 per share, leading to a dividend yield of 4.6%, payable on October 15th.
• Equities analysts maintain a positive outlook, with eight ratings for Buy and an average target price of $110.43 for the stock.

APG Asset Management US Inc. grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 111.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,214 shares of the real estate investment trust's stock after buying an additional 201,390 shares during the quarter. APG Asset Management US Inc. owned 0.45% of Federal Realty Investment Trust worth $37,071,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 0.6% in the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock valued at $15,205,000 after purchasing an additional 917 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Federal Realty Investment Trust by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after purchasing an additional 674 shares in the last quarter. KBC Group NV raised its position in Federal Realty Investment Trust by 5.6% in the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after buying an additional 151 shares during the last quarter. Amalgamated Bank increased its holdings in Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 146 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Federal Realty Investment Trust by 3.1% in the 1st quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust's stock worth $5,890,000 after purchasing an additional 1,800 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

FRT traded up $0.89 on Wednesday, hitting $99.65. 168,226 shares of the stock traded hands, compared to its average volume of 786,584. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The firm has a market capitalization of $8.60 billion, a PE ratio of 25.22, a P/E/G ratio of 3.79 and a beta of 1.14. The business has a fifty day moving average price of $94.63 and a two-hundred day moving average price of $96.23. 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 (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. During the same period in the prior year, the business posted $1.69 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. Federal Realty Investment Trust's payout ratio is presently 114.43%.

Analyst Ratings Changes

A number of research firms have recently commented on FRT. Raymond James Financial lowered their target price on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday. 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 report on Monday, June 16th. Barclays initiated coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price target on the stock. Finally, Piper Sandler decreased their target price on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.79.

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.