531,767 Shares in Federal Realty Investment Trust $FRT Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake of 531,767 shares in Federal Realty Investment Trust, amounting to approximately $52 million, representing a 0.62% ownership as of its latest SEC filing.
• The company recently declared a quarterly dividend of $1.13 per share, increasing from the previous dividend of $1.10, reflecting an annualized yield of 4.8%.
• Federal Realty Investment Trust reported earnings per share of $1.91, exceeding analyst expectations, with a year-over-year revenue increase of 5.2%.

Nuveen LLC bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 531,767 shares of the real estate investment trust's stock, valued at approximately $52,017,000. Nuveen LLC owned 0.62% of Federal Realty Investment Trust at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Federal Realty Investment Trust by 80.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,993 shares of the real estate investment trust's stock worth $13,433,000 after buying an additional 53,474 shares in the last quarter. Cerity Partners LLC raised its stake in Federal Realty Investment Trust by 54.3% in the fourth quarter. Cerity Partners LLC now owns 6,762 shares of the real estate investment trust's stock worth $766,000 after buying an additional 2,380 shares in the last quarter. Raymond James Financial Inc. bought a new position in Federal Realty Investment Trust in the fourth quarter worth about $17,187,000. Rockefeller Capital Management L.P. bought a new position in Federal Realty Investment Trust in the fourth quarter worth about $8,493,000. Finally, Barclays PLC increased its stake in shares of Federal Realty Investment Trust by 96.8% during the fourth quarter. Barclays PLC now owns 260,753 shares of the real estate investment trust's stock valued at $29,192,000 after purchasing an additional 128,256 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

NYSE FRT traded up $0.06 on Monday, reaching $93.91. The company had a trading volume of 413,630 shares, compared to its average volume of 793,642. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $8.10 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.73 and a beta of 1.14. The firm's 50 day moving average price is $94.49 and its 200 day moving average price is $96.74. 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 posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same period in the previous year, the firm posted $1.69 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced 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 is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.8%. Federal Realty Investment Trust's payout ratio is presently 114.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FRT shares. JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price for the company. in a research note on Monday, June 23rd. Piper Sandler reduced their price target on shares of 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. Raymond James Financial reduced their price target on shares of 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. Mizuho reduced their price target on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and a consensus target price of $110.14.

About Federal Realty Investment Trust

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.