Nuveen Asset Management LLC Buys 263,020 Shares of Federal Realty Investment Trust (NYSE:FRT)

Nuveen Asset Management LLC grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 62.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 683,114 shares of the real estate investment trust's stock after buying an additional 263,020 shares during the quarter. Nuveen Asset Management LLC owned 0.82% of Federal Realty Investment Trust worth $76,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $51,000. Venturi Wealth Management LLC lifted its holdings in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after buying an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its position in Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 592 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Federal Realty Investment Trust during the 4th quarter valued at approximately $91,000. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Down 1.2%

Shares of FRT stock traded down $1.09 during trading hours on Friday, hitting $92.57. 624,068 shares of the company's stock traded hands, compared to its average volume of 687,961. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.20 and a beta of 1.10. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock's fifty day simple moving average is $94.17 and its two-hundred day simple moving average is $103.71. 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 announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 earnings per share. On average, analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 126.07%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FRT. Piper Sandler cut their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday. Mizuho cut their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a report on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of $113.64.

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.