Bank of America Corp DE Buys 241,684 Shares of Federal Realty Investment Trust $FRT

Key Points

• Bank of America increased its Federal Realty Investment Trust stake by 90.2% in the first quarter, purchasing 241,684 shares to hold 509,498 shares worth approximately $54.1 million. Institutional investors collectively own 93.86% of FRT.
• Federal Realty reported quarterly revenue of $335.71 million, exceeding estimates, but earnings per share of $0.97 fell well short of the $1.85 consensus. The company maintained fiscal 2026 EPS guidance of $7.48–$7.56.
• The REIT raised its quarterly dividend from $1.13 to $1.16 per share, representing an annualized payout of $4.64 and a 4.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $128.25.

Bank of America Corp DE increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 90.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 509,498 shares of the real estate investment trust's stock after purchasing an additional 241,684 shares during the period. Bank of America Corp DE owned 0.59% of Federal Realty Investment Trust worth $54,114,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FRT. Janus Henderson Group PLC increased its position in shares of Federal Realty Investment Trust by 2.5% during the first quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust's stock valued at $43,918,000 after buying an additional 10,095 shares during the period. Bull Harbor Capital LLC bought a new stake in Federal Realty Investment Trust during the 1st quarter worth approximately $804,000. Amundi increased its holdings in Federal Realty Investment Trust by 6.4% during the 1st quarter. Amundi now owns 168,901 shares of the real estate investment trust's stock worth $17,939,000 after acquiring an additional 10,102 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Federal Realty Investment Trust by 18.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,756 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 436 shares in the last quarter. Finally, Empire Financial Management Company LLC purchased a new stake in Federal Realty Investment Trust in the 1st quarter worth approximately $1,012,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $116.79 on Wednesday. Federal Realty Investment Trust has a 52-week low of $90.03 and a 52-week high of $128.21. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 2.70 and a beta of 0.93. The company has a fifty day moving average of $122.80 and a 200-day moving average of $113.87. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.70 and a current ratio of 1.70.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Friday, July 31st. The real estate investment trust reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.The business had revenue of $335.71 million during the quarter, compared to analysts' expectations of $331.92 million. During the same quarter in the previous year, the business earned $1.91 EPS. Federal Realty Investment Trust's revenue for the quarter was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. Equities research analysts expect that Federal Realty Investment Trust will post 7.53 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Thursday, October 1st. This represents a $4.64 annualized dividend and a yield of 4.0%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.13. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 91.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FRT. Wolfe Research began coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 8th. They set an "outperform" rating and a $143.00 price target for the company. Truist Financial increased their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday, June 5th. Wells Fargo & Company lifted their price objective on Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. UBS Group boosted their target price on Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Piper Sandler upped their target price on Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.25.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust NYSE: FRT is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty's portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

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