Jefferies Financial Group Inc. Acquires New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Jefferies Financial Group Inc. purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 77,400 shares of the real estate investment trust's stock, valued at approximately $8,665,000. Jefferies Financial Group Inc. owned approximately 0.09% of Federal Realty Investment Trust at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Federal Realty Investment Trust in the fourth quarter worth about $810,544,000. Centersquare Investment Management LLC raised its position 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 worth $116,654,000 after acquiring an additional 941,414 shares during the period. Invesco Ltd. raised 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 worth $341,833,000 after acquiring an additional 893,258 shares during the period. Northern Trust Corp raised 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 worth $138,231,000 after acquiring an additional 522,531 shares during the period. Finally, Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 12.4% in 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 during the period. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on FRT. Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Stifel Nicolaus lowered their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, Citigroup reissued a "neutral" rating and issued 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. Five investment 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 a consensus target price of $113.33.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded down $0.44 during midday trading on Friday, hitting $95.53. The company's stock had a trading volume of 917,421 shares, compared to its average volume of 692,944. The stock has a fifty day moving average price of $93.93 and a 200 day moving average price of $103.05. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Federal Realty Investment Trust's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. On average, research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.61%. Federal Realty Investment Trust's dividend payout ratio is currently 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.