UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises 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 increased its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter worth about $30,000. Versant Capital Management Inc raised its position in Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Federal Realty Investment Trust in the 1st quarter worth about $30,000. Federated Hermes Inc. raised its position in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after buying an additional 200 shares during the last quarter. Finally, Dagco Inc. purchased a new position in Federal Realty Investment Trust in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock traded down $0.48 during mid-day trading on Monday, hitting $101.17. The stock had a trading volume of 655,317 shares, compared to its average volume of 592,525. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm's 50 day moving average is $96.21 and its 200 day moving average is $95.60. The firm has a market capitalization of $8.73 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.88 and a beta of 1.16. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. The firm had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. On average, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Mizuho boosted their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Evercore ISI downgraded shares of Federal Realty Investment Trust from an "outperform" rating to an "in-line" rating and boosted their price objective for the company from $106.00 to $107.00 in a research report on Monday. Finally, Wells Fargo & Company raised their target price on Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.