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RWC Asset Management LLP Decreases Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Federal Realty Investment Trust logo with Finance background

Key Points

  • RWC Asset Management LLP reduced its stake in Federal Realty Investment Trust by 4.3%, holding 209,037 shares worth approximately $20.45 million as of the latest SEC filing.
  • Federal Realty announced a quarterly dividend of $1.10 per share, yielding 4.67%, while the dividend payout ratio stands at 126.07%.
  • Recent earnings showed a slight increase in EPS to $1.70, beating forecasts, but revenue fell short of estimates at $302.29 million.
  • Five stocks to consider instead of Federal Realty Investment Trust.

RWC Asset Management LLP trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,037 shares of the real estate investment trust's stock after selling 9,456 shares during the quarter. RWC Asset Management LLP owned 0.24% of Federal Realty Investment Trust worth $20,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FRT. Principal Financial Group Inc. grew its stake in Federal Realty Investment Trust by 0.6% in 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 in the last quarter. LPL Financial LLC grew its stake in Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after buying an additional 12,387 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in 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 buying an additional 674 shares during the last quarter. KBC Group NV boosted its holdings 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 worth $278,000 after acquiring an additional 151 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $1.34 during midday trading on Thursday, reaching $92.24. 320,276 shares of the company were exchanged, compared to its average volume of 763,725. The stock has a market cap of $7.91 billion, a P/E ratio of 26.40, a PEG ratio of 3.79 and a beta of 1.09. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. 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 stock's 50-day moving average price is $95.01 and its 200-day moving average price is $98.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same quarter in the previous year, the company earned $1.64 EPS. Federal Realty Investment Trust's quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.77%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FRT. Barclays started coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 target price for the company. JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target on the stock. in a research note on Monday, June 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Piper Sandler reduced 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 report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $111.29.

Read Our Latest Research Report on FRT

Federal Realty Investment Trust Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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