Centersquare Investment Management LLC Has $118.46 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Centersquare Investment Management LLC increased its stake in Federal Realty Investment Trust by 16.2%, acquiring an additional 169,025 shares, bringing its total holdings to over 1.2 million shares.
• Recent analyst reports have led to varying price targets for Federal Realty, with Piper Sandler lowering their target from $135.00 to $120.00 while BMO Capital Markets maintained an outperform rating with a target price of $110.00.
• Federal Realty Investment Trust announced a quarterly dividend of $1.10 per share, indicating a 4.7% yield based on its annualized dividend and a payout ratio of 126.07%.

Centersquare Investment Management LLC raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 16.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,211,041 shares of the real estate investment trust's stock after buying an additional 169,025 shares during the quarter. Federal Realty Investment Trust comprises 1.2% of Centersquare Investment Management LLC's investment portfolio, making the stock its 28th largest holding. Centersquare Investment Management LLC owned approximately 1.41% of Federal Realty Investment Trust worth $118,464,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FRT. Resolution Capital Ltd raised its holdings in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after acquiring an additional 389,266 shares in the last quarter. Invesco Ltd. raised its holdings in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after acquiring an additional 893,258 shares in the last quarter. Northern Trust Corp raised its stake in shares of Federal Realty Investment Trust by 73.4% in the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock valued at $138,231,000 after purchasing an additional 522,531 shares in the last quarter. Rush Island Management LP raised its stake in shares of Federal Realty Investment Trust by 18.1% in the fourth quarter. Rush Island Management LP now owns 1,188,734 shares of the real estate investment trust's stock valued at $133,079,000 after purchasing an additional 182,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Federal Realty Investment Trust by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,165,798 shares of the real estate investment trust's stock valued at $130,509,000 after purchasing an additional 28,933 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $1.04 during mid-day trading on Friday, hitting $91.32. 1,020,558 shares of the stock were exchanged, compared to its average volume of 849,377. The company has a market cap of $7.88 billion, a P/E ratio of 23.12, a PEG ratio of 3.69 and a beta of 1.14. The stock's fifty day simple moving average is $94.70 and its two-hundred day simple moving average is $97.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.72 and a current ratio of 2.14. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. The firm had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. During the same period last year, the firm posted $1.69 EPS. The business's revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast 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 paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio is 111.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Raymond James Financial dropped their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target for the company. in a research report on Monday, June 23rd. Finally, Barclays assumed coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price target for the company. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $110.14.

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.