Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,593 shares of the real estate investment trust's stock after acquiring an additional 5,964 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.15% of Federal Realty Investment Trust worth $12,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Federal Realty Investment Trust by 9.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,344 shares of the real estate investment trust's stock valued at $1,875,000 after acquiring an additional 1,612 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Federal Realty Investment Trust by 8.4% in the first quarter. Creative Financial Designs Inc. ADV now owns 6,506 shares of the real estate investment trust's stock worth $636,000 after buying an additional 502 shares during the last quarter. Mattern Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.4% in the 1st quarter. Mattern Capital Management LLC now owns 72,368 shares of the real estate investment trust's stock worth $7,079,000 after acquiring an additional 1,665 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in Federal Realty Investment Trust by 0.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 41,102 shares of the real estate investment trust's stock worth $4,021,000 after purchasing an additional 190 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Federal Realty Investment Trust by 26.7% in the first quarter. Asset Management One Co. Ltd. now owns 151,617 shares of the real estate investment trust's stock worth $14,831,000 after purchasing an additional 31,919 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FRT has been the subject of several analyst reports. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Piper Sandler cut their price target on shares of 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. Barclays began coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price objective on the stock. UBS Group dropped their target price on 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. Finally, Citigroup restated a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $112.07.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded down $1.49 during midday trading on Monday, hitting $94.31. 871,226 shares of the stock traded hands, compared to its average volume of 712,428. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The firm has a market capitalization of $8.09 billion, a P/E ratio of 27.02, a PEG ratio of 4.16 and a beta of 1.09. The firm has a 50-day moving average of $95.38 and a two-hundred day moving average of $99.55.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The business had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same quarter in the previous year, the company posted $1.64 EPS. The company's revenue was up 6.1% compared to the same quarter last year. On average, equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.67%. Federal Realty Investment Trust's payout ratio is 126.07%.

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.