Sei Investments Co. Has $42.55 Million Position in Federal Realty Investment Trust $FRT

Key Points

• Sei Investments increased its Federal Realty Investment Trust stake by 14.3% in the first quarter, holding 400,662 shares valued at approximately $42.55 million. Institutional investors collectively own 93.86% of FRT.
• Analysts generally remain positive, with FRT receiving a consensus “Moderate Buy” rating and an average price target of $127.62; recent targets range from $118 to $149.
• Federal Realty declared a quarterly dividend of $1.13, equivalent to $4.52 annually and a 3.6% yield. Shares opened at $126.07, near their 52-week high of $126.86.

Sei Investments Co. raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 400,662 shares of the real estate investment trust's stock after acquiring an additional 50,252 shares during the quarter. Sei Investments Co. owned approximately 0.46% of Federal Realty Investment Trust worth $42,554,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Federal Realty Investment Trust by 97.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,120 shares of the real estate investment trust's stock worth $3,148,000 after acquiring an additional 15,329 shares in the last quarter. M&T Bank Corp bought a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $4,472,000. UBS Group AG increased its holdings in Federal Realty Investment Trust by 23.3% during the 4th quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust's stock valued at $38,524,000 after purchasing an additional 72,293 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Federal Realty Investment Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust's stock valued at $43,951,000 after purchasing an additional 43,685 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust's stock valued at $2,128,000 after purchasing an additional 21,059 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FRT. Citigroup increased their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. Bank of America upped their price target on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $129.00 to $134.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $127.62.

Federal Realty Investment Trust Stock Down 0.0%

Shares of FRT opened at $126.07 on Monday. The business's fifty day moving average price is $121.97 and its two-hundred day moving average price is $112.19. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 3.00 and a beta of 0.93. Federal Realty Investment Trust has a 52 week low of $89.99 and a 52 week high of $126.86. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $1.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 annualized dividend and a yield of 3.6%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 78.47%.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust NYSE: FRT is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty's portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

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