Vanderbilt University Acquires 6,588 Shares of Federal Realty Investment Trust (NYSE:FRT)

Vanderbilt University boosted its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 149.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,001 shares of the real estate investment trust's stock after purchasing an additional 6,588 shares during the quarter. Vanderbilt University's holdings in Federal Realty Investment Trust were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after acquiring an additional 218,671 shares during the period. Norges Bank acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at about $810,544,000. Resolution Capital Ltd grew its stake in Federal Realty Investment Trust by 12.4% in the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after acquiring an additional 389,266 shares during the period. Invesco Ltd. grew its stake in Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after acquiring an additional 893,258 shares during the period. Finally, Geode Capital Management LLC grew its stake in Federal Realty Investment Trust by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock valued at $227,457,000 after acquiring an additional 77,783 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Up 1.0%

NYSE FRT traded up $0.99 during trading hours on Monday, hitting $96.47. 600,918 shares of the company traded hands, compared to its average volume of 701,070. The business's 50-day moving average is $95.14 and its 200-day moving average is $100.80. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 4.15 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same period in the prior year, the firm posted $1.64 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.56%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

Wall Street Analyst Weigh In

FRT has been the subject of a number of research analyst reports. Piper Sandler decreased their target price on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price for the company. in a research note on Monday. Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Finally, Mizuho reduced their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.54.

Federal Realty Investment Trust 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.