62,806 Shares in Federal Realty Investment Trust (NYSE:FRT) Acquired by Sophron Capital Management L.P.

Sophron Capital Management L.P. bought a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 62,806 shares of the real estate investment trust's stock, valued at approximately $7,031,000. Federal Realty Investment Trust makes up about 2.8% of Sophron Capital Management L.P.'s portfolio, making the stock its 16th largest holding. Sophron Capital Management L.P. owned 0.08% of Federal Realty Investment Trust as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FRT. FIL Ltd increased its position in Federal Realty Investment Trust by 0.3% during the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after acquiring an additional 95 shares during the period. Oregon Public Employees Retirement Fund increased its position in Federal Realty Investment Trust by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock worth $734,000 after acquiring an additional 110 shares during the period. Smartleaf Asset Management LLC increased its position in Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 111 shares during the period. Park Avenue Securities LLC increased its position in Federal Realty Investment Trust by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock worth $533,000 after acquiring an additional 125 shares during the period. Finally, Keybank National Association OH increased its position in Federal Realty Investment Trust by 5.1% during the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock worth $293,000 after acquiring an additional 128 shares during the period. 93.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FRT shares. Scotiabank reaffirmed an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday. Citigroup reiterated a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Truist Financial downgraded Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Stifel Nicolaus reduced their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, Raymond James reduced their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.64.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $1.09 on Friday, reaching $92.57. The company's stock had a trading volume of 624,068 shares, compared to its average volume of 687,961. The firm has a market cap of $7.94 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The business has a 50-day moving average price of $94.17 and a 200 day moving average price of $103.71. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. 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 (NYSE:FRT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business's revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.64 earnings per share. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.75%. Federal Realty Investment Trust's payout ratio is presently 126.07%.

Federal Realty Investment Trust Company 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.