National Bank of Canada FI Has $4.87 Million Stock Position in Federal Realty Investment Trust $FRT

National Bank of Canada FI increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 34.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,792 shares of the real estate investment trust's stock after acquiring an additional 12,683 shares during the period. National Bank of Canada FI owned about 0.06% of Federal Realty Investment Trust worth $4,871,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FRT. Versant Capital Management Inc grew its position in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Federal Realty Investment Trust during the 4th quarter worth $30,000. Federated Hermes Inc. lifted its holdings in Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after buying an additional 200 shares in the last quarter. CX Institutional acquired a new position in Federal Realty Investment Trust during the 1st quarter worth $44,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Federal Realty Investment Trust during the 4th quarter worth $51,000. 93.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Evercore ISI lowered their price objective on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. UBS Group lowered their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Finally, Raymond James Financial lowered their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.14.

Federal Realty Investment Trust Trading Up 0.3%

FRT stock traded up $0.26 during midday trading on Monday, hitting $94.11. 232,482 shares of the company's stock were exchanged, compared to its average volume of 792,592. The stock's fifty day moving average price is $94.49 and its 200-day moving average price is $96.74. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $8.12 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 3.73 and a beta of 1.14. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. The business had revenue of $302.48 million for the quarter, compared to analysts' expectations of $309.25 million. During the same quarter in the previous year, the business posted $1.69 EPS. Federal Realty Investment Trust's revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio is presently 114.43%.

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.