UniSuper Management Pty Ltd Grows Holdings in Federal Realty Investment Trust $FRT

Key Points

• UniSuper Management Pty Ltd increased its stake in Federal Realty Investment Trust by 6.5% during the first quarter, owning 40,337 shares valued at approximately $3.95 million.
• Federal Realty Investment Trust recently raised its quarterly dividend to $1.13 per share, reflecting a 2.7% increase from the previous dividend of $1.10.
• An average analyst rating for Federal Realty Investment Trust is a "Moderate Buy," with a consensus price target of $110.79, indicating potential for upward movement in its stock.

UniSuper Management Pty Ltd grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,337 shares of the real estate investment trust's stock after purchasing an additional 2,477 shares during the period. UniSuper Management Pty Ltd's holdings in Federal Realty Investment Trust were worth $3,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Federal Realty Investment Trust by 18.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 130 shares during the last quarter. Ethic Inc. increased its stake in shares of Federal Realty Investment Trust by 2.3% during the 4th quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock worth $719,000 after purchasing an additional 145 shares during the last quarter. Amalgamated Bank increased its stake in shares of Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after purchasing an additional 146 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Performance

FRT stock traded down $0.06 during mid-day trading on Friday, hitting $101.74. The company had a trading volume of 556,679 shares, compared to its average volume of 592,525. The firm has a market cap of $8.78 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 3.88 and a beta of 1.16. 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 stock's fifty day moving average price is $96.08 and its two-hundred day moving average price is $95.63. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

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 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.69 earnings per share. On average, analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 111.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FRT shares. JPMorgan Chase & Co. upped their price target on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Wells Fargo & Company upped their price target on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. 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 note on Friday, May 23rd. Barclays decreased their price target on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Finally, BMO Capital Markets restated 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average price target of $109.31.

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.