Federal Realty Investment Trust $FRT Position Increased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Federal Realty Investment Trust by 3.6%, owning approximately 1.49% of the company, valued at $125.2 million.
• The Federal Realty Investment Trust recently raised its quarterly dividend to $1.13 per share, representing a 4.5% dividend yield.
• Analysts have given Federal Realty Investment Trust a consensus rating of "Moderate Buy" with a target price of $110.43, despite mixed price targets set by various firms.

Northern Trust Corp increased its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,279,688 shares of the real estate investment trust's stock after acquiring an additional 44,935 shares during the period. Northern Trust Corp owned about 1.49% of Federal Realty Investment Trust worth $125,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FRT. Versant Capital Management Inc raised its holdings in shares of 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 worth $28,000 after acquiring an additional 130 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $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. raised its holdings 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 in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Federal Realty Investment Trust in the first quarter valued at about $34,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRT has been the subject of a number of recent analyst reports. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Evercore ISI lowered their price objective on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. UBS Group decreased 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 note on Monday, June 16th. Finally, Piper Sandler dropped their price objective on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and a consensus price target of $110.43.

Federal Realty Investment Trust Stock Up 3.2%

NYSE:FRT opened at $99.3870 on Friday. The stock's fifty day moving average price is $94.49 and its two-hundred day moving average price is $96.49. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 3.69 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 EPS. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm 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. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio 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.

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.