Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 6,183.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,053 shares of the real estate investment trust's stock after purchasing an additional 191,949 shares during the quarter. GAMMA Investing LLC owned approximately 0.23% of Federal Realty Investment Trust worth $19,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 175 shares during the last quarter. abrdn plc increased its position in shares of Federal Realty Investment Trust by 58.7% during the fourth quarter. abrdn plc now owns 38,573 shares of the real estate investment trust's stock worth $4,303,000 after purchasing an additional 14,273 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Federal Realty Investment Trust by 1.1% during the fourth quarter. Retirement Systems of Alabama now owns 60,064 shares of the real estate investment trust's stock worth $6,724,000 after purchasing an additional 672 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 4.8% in the 4th quarter. Yousif Capital Management LLC now owns 79,189 shares of the real estate investment trust's stock valued at $8,865,000 after purchasing an additional 3,613 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FRT. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on 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. JPMorgan Chase & Co. cut their target price on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $113.33.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock traded up $2.03 during mid-day trading on Friday, hitting $96.50. The stock had a trading volume of 839,745 shares, compared to its average volume of 693,975. The firm has a market cap of $8.28 billion, a PE ratio of 28.14, a PEG ratio of 2.20 and a beta of 1.11. The company's 50-day simple moving average is $93.75 and its 200-day simple moving average is $102.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same quarter last year, the firm earned $1.64 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid 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 dividend yield of 4.56%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

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.