3,640 Shares in Federal Realty Investment Trust (NYSE:FRT) Bought by RFG Advisory LLC

RFG Advisory LLC bought a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,640 shares of the real estate investment trust's stock, valued at approximately $356,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after purchasing an additional 218,671 shares during the last quarter. Norges Bank bought a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $810,544,000. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after buying an additional 168,885 shares during the period. Resolution Capital Ltd boosted its stake in shares of 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 valued at $394,417,000 after buying an additional 389,266 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FRT shares. Raymond James cut their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Piper Sandler cut 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 note on Friday, May 23rd. Citigroup reiterated a "neutral" rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Finally, Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $113.33.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $1.42 on Wednesday, hitting $96.42. 582,808 shares of the company's stock were exchanged, compared to its average volume of 698,240. The stock has a 50-day moving average of $93.95 and a 200-day moving average of $102.08. 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 has a 52 week low of $80.65 and a 52 week high of $118.34. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 2.20 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. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same period in the prior year, the company earned $1.64 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. Analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

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 given a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.56%. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

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.