Federal Realty Investment Trust $FRT Shares Purchased 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 boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,279,688 shares of the real estate investment trust's stock after acquiring an additional 44,935 shares during the quarter. 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 also recently modified their holdings of FRT. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $30,000. Versant Capital Management Inc grew its position in Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 130 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust in the 1st quarter valued at $30,000. Federated Hermes Inc. increased its stake in Federal Realty Investment Trust by 143.9% in the 1st 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 during the period. Finally, Dagco Inc. purchased a new position in Federal Realty Investment Trust during the 1st quarter worth $34,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FRT. UBS Group lowered their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $110.71.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $1.17 during mid-day trading on Thursday, hitting $99.12. The stock had a trading volume of 57,623 shares, compared to its average volume of 783,888. The company has a 50 day simple moving average of $94.73 and a 200 day simple moving average of $96.26. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 3.77 and a beta of 1.14. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping 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 company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same period in the previous year, the business earned $1.69 earnings per share. Federal Realty Investment Trust's quarterly revenue was up 5.2% compared to the same quarter last year. Equities 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. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 annualized dividend and a yield of 4.6%. Federal Realty Investment Trust's payout ratio is 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.