AQR Capital Management LLC Purchases 16,633 Shares of Federal Realty Investment Trust $FRT

Key Points

• AQR Capital Management LLC increased its holdings in Federal Realty Investment Trust by 16.0%, purchasing an additional 16,633 shares and totaling 120,840 shares valued at approximately $11.77 million.
• Federal Realty Investment Trust recently announced a dividend increase to $1.13 per share, with a yield of 4.5%, demonstrating strong financial performance including an EPS of $1.91 for the past quarter.
• The company's stock has a consensus price target of $109.31 and is rated as a "Moderate Buy" by analysts, reflecting positive market sentiment and several recent price target adjustments.

AQR Capital Management LLC lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 16.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,840 shares of the real estate investment trust's stock after purchasing an additional 16,633 shares during the period. AQR Capital Management LLC owned 0.14% of Federal Realty Investment Trust worth $11,771,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FRT. Versant Capital Management Inc grew 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 valued at $28,000 after buying 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 valued at about $30,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust during the first quarter valued at about $30,000. Federated Hermes Inc. grew its position in Federal Realty Investment Trust by 143.9% during 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 period. Finally, Dagco Inc. bought a new position in Federal Realty Investment Trust during the first quarter valued at about $34,000. Institutional investors own 93.86% of the company's stock.

Analyst Ratings Changes

FRT has been the subject of several research reports. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. UBS Group reduced their price target on shares of 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. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Mizuho upped their price objective on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Barclays dropped their price objective on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus price target of $109.31.

Federal Realty Investment Trust Trading Up 0.2%

Shares of FRT opened at $100.53 on Thursday. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a market capitalization of $8.67 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.83 and a beta of 1.16. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The firm's 50 day simple moving average is $95.83 and its 200 day simple moving average is $95.81.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. During the same period in the previous year, the business posted $1.69 earnings per share. Federal Realty Investment Trust's revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. The ex-dividend date 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 yield of 4.5%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 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.

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