UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $68.52 Million Stock Holdings in Federal Realty Investment Trust $FRT

Key Points

• UBS AM increased its stake in Federal Realty Investment Trust (FRT) by 3.9%, bringing its total holdings to over $68 million as of the latest SEC filing.
• Federal Realty Investment Trust recently declared a quarterly dividend increase to $1.13 per share, with a dividend yield of 4.4%.
• Analysts provided a consensus rating of "Moderate Buy" for FRT, with a price target averaging $109.31.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 700,435 shares of the real estate investment trust's stock after purchasing an additional 26,200 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.82% of Federal Realty Investment Trust worth $68,517,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position 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 during the period. Cambridge Investment Research Advisors Inc. lifted its position 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 worth $697,000 after purchasing an additional 674 shares during the period. KBC Group NV lifted its position 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 purchasing an additional 151 shares during the period. Amalgamated Bank lifted its position 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 worth $1,495,000 after purchasing an additional 146 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Federal Realty Investment Trust by 3.1% in the first quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust's stock worth $5,890,000 after purchasing an additional 1,800 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Up 1.0%

NYSE:FRT traded up $1.02 during trading hours on Thursday, hitting $100.31. 500,068 shares of the stock traded hands, compared to its average volume of 580,255. The firm has a 50 day moving average price of $96.53 and a 200 day moving average price of $95.62. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 3.79 and a beta of 1.16.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same period in the previous year, the business earned $1.69 EPS. The company's revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 111.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FRT shares. Piper Sandler cut their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Barclays cut their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a "strong-buy" rating in a research report on Tuesday, September 9th. Raymond James Financial cut 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, May 23rd. Finally, Mizuho increased their price objective on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $109.31.

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.