Janney Montgomery Scott LLC Raises Holdings in Federal Realty Investment Trust (NYSE:FRT)

Janney Montgomery Scott LLC raised its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 7.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,855 shares of the real estate investment trust's stock after acquiring an additional 8,772 shares during the quarter. Janney Montgomery Scott LLC owned 0.15% of Federal Realty Investment Trust worth $12,213,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $810,544,000. Centersquare Investment Management LLC increased its holdings in Federal Realty Investment Trust by 935.8% in the fourth 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. increased its holdings 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 buying an additional 893,258 shares in the last quarter. Northern Trust Corp lifted its position in shares of Federal Realty Investment Trust by 73.4% during the 4th 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 boosted its stake in shares of Federal Realty Investment Trust by 12.4% during the 4th 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. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 0.2%

Shares of Federal Realty Investment Trust stock traded down $0.16 during trading hours on Friday, reaching $95.46. 1,179,303 shares of the company's stock were exchanged, compared to its average volume of 702,096. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a fifty day moving average of $94.96 and a 200-day moving average of $101.22. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 4.15 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 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced 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 is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.61%. Federal Realty Investment Trust's payout ratio is 126.07%.

Wall Street Analyst Weigh In

FRT has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Piper Sandler dropped their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Citigroup reiterated a "neutral" rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Mizuho dropped their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average price target of $112.54.

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.