Federal Realty Investment Trust $FRT Shares Purchased by AQR Capital Management LLC

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 grew its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 16.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,840 shares of the real estate investment trust's stock after acquiring an additional 16,633 shares during the quarter. AQR Capital Management LLC owned about 0.14% of Federal Realty Investment Trust worth $11,771,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FRT. Amundi lifted its stake in shares of Federal Realty Investment Trust by 19.0% during the 1st quarter. Amundi now owns 263,832 shares of the real estate investment trust's stock worth $24,452,000 after purchasing an additional 42,168 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Federal Realty Investment Trust by 30.8% during the first quarter. Adage Capital Partners GP L.L.C. now owns 420,400 shares of the real estate investment trust's stock valued at $41,124,000 after buying an additional 98,900 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Federal Realty Investment Trust by 2.9% in the 1st quarter. Royal Bank of Canada now owns 472,924 shares of the real estate investment trust's stock valued at $46,262,000 after buying an additional 13,323 shares in the last quarter. Quarry LP purchased a new position in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $74,000. Finally, Nomura Holdings Inc. raised its stake in shares of Federal Realty Investment Trust by 68.6% during the 1st quarter. Nomura Holdings Inc. now owns 19,217 shares of the real estate investment trust's stock worth $1,880,000 after acquiring an additional 7,820 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Raymond James Financial dropped their target price on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Scotiabank raised their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Barclays cut 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. Finally, Piper Sandler cut their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.31.

Federal Realty Investment Trust Stock Performance

FRT traded down $1.19 during trading on Tuesday, reaching $99.89. 492,761 shares of the company's stock were exchanged, compared to its average volume of 584,169. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The company's fifty day simple moving average is $96.33 and its 200-day simple moving average is $95.63. The stock has a market capitalization of $8.62 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.86 and a beta of 1.16.

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 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 for the quarter, compared to the consensus estimate of $309.25 million. During the same period in the prior year, the firm earned $1.69 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research 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 business also recently declared 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 of this dividend is Wednesday, October 1st. This represents a $4.52 annualized dividend and a yield of 4.5%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is 111.39%.

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.