Thurston Springer Miller Herd & Titak Inc. Has $1.69 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 35.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,272 shares of the real estate investment trust's stock after acquiring an additional 4,524 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Federal Realty Investment Trust were worth $1,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FRT. Norges Bank acquired a new stake in Federal Realty Investment Trust during the fourth quarter valued at approximately $810,544,000. Centersquare Investment Management LLC boosted its stake in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock valued at $116,654,000 after buying an additional 941,414 shares in the last quarter. Invesco Ltd. grew its position in Federal Realty Investment Trust by 41.4% in the fourth 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 during the period. Northern Trust Corp grew its position in 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 acquiring an additional 522,531 shares during the period. Finally, Resolution Capital Ltd raised its stake in Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock worth $394,417,000 after acquiring an additional 389,266 shares in the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded up $2.03 during midday trading on Friday, reaching $96.50. The company had a trading volume of 839,745 shares, compared to its average volume of 692,494. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $93.75 and a 200 day simple moving average of $102.55. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same period last year, the firm earned $1.64 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.56%. Federal Realty Investment Trust's payout ratio is presently 126.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FRT shares. Citigroup restated a "neutral" rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Raymond James reduced their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Stifel Nicolaus decreased their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Piper Sandler reduced their target price on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.33.

About Federal Realty Investment Trust

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.