Penserra Capital Management LLC Purchases 7,145 Shares of Federal Realty Investment Trust (NYSE:FRT)

Penserra Capital Management LLC grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3,664.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,340 shares of the real estate investment trust's stock after purchasing an additional 7,145 shares during the quarter. Penserra Capital Management LLC's holdings in Federal Realty Investment Trust were worth $717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Federal Realty Investment Trust by 0.6% during the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock worth $15,205,000 after purchasing an additional 917 shares during the period. LPL Financial LLC boosted its position in shares of Federal Realty Investment Trust by 17.5% in the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock valued at $9,324,000 after acquiring an additional 12,387 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Federal Realty Investment Trust by 10.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock valued at $697,000 after acquiring an additional 674 shares during the period. KBC Group NV raised its stake in Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 151 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Up 0.1%

Shares of FRT stock traded up $0.10 during mid-day trading on Monday, reaching $94.98. 631,745 shares of the company's stock traded hands, compared to its average volume of 716,420. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The company has a market cap of $8.15 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.79 and a beta of 1.09. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46. The company's 50-day moving average price is $95.35 and its 200-day moving average price is $99.05.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results 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. The firm had revenue of $302.29 million for the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 EPS. On average, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 126.07%.

Analyst Upgrades and Downgrades

Several research firms have commented on FRT. Raymond James Financial decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. 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 on the stock. in a research note on Monday, June 23rd. UBS Group decreased their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Finally, Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $112.07.

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.