Asset Management One Co. Ltd. Purchases 31,919 Shares of Federal Realty Investment Trust (NYSE:FRT)

Asset Management One Co. Ltd. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 26.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,617 shares of the real estate investment trust's stock after purchasing an additional 31,919 shares during the period. Asset Management One Co. Ltd. owned about 0.18% of Federal Realty Investment Trust worth $14,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FRT. LPL Financial LLC boosted its position in shares of Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after acquiring an additional 12,387 shares in the last quarter. CX Institutional acquired a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $44,000. Smartleaf Asset Management LLC boosted its position in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 111 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $17,187,000. Finally, Blair William & Co. IL boosted its position in shares of Federal Realty Investment Trust by 49.7% during the 4th quarter. Blair William & Co. IL now owns 2,683 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 891 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their target price for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup restated a "neutral" rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of $112.54.

Federal Realty Investment Trust Trading Down 0.2%

Shares of FRT stock traded down $0.19 during trading hours on Friday, hitting $94.65. 902,215 shares of the company's stock traded hands, compared to its average volume of 701,260. The stock's 50 day simple moving average is $95.28 and its 200 day simple moving average is $100.58. The stock has a market cap of $8.12 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 4.07 and a beta of 1.11. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released 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 firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's payout ratio is currently 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.