Vanguard Group Inc. Trims Holdings in Federal Realty Investment Trust (NYSE:FRT)

Vanguard Group Inc. trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,028,254 shares of the real estate investment trust's stock after selling 12,807 shares during the period. Vanguard Group Inc. owned 15.19% of Federal Realty Investment Trust worth $1,274,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at about $30,000. Versant Capital Management Inc lifted its stake in shares of Federal Realty Investment Trust by 82.3% in the first 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 in the last quarter. Federated Hermes Inc. lifted its stake in shares of Federal Realty Investment Trust by 143.9% in the first 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 in the last quarter. CX Institutional purchased a new position in shares of Federal Realty Investment Trust in the first quarter worth about $44,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $51,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FRT shares. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. UBS Group decreased their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Piper Sandler decreased their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Barclays initiated coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $110.14.

Federal Realty Investment Trust Trading Up 0.0%

Shares of NYSE FRT traded up $0.00 during midday trading on Friday, reaching $93.73. 95,130 shares of the stock were exchanged, compared to its average volume of 784,844. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The stock has a market capitalization of $8.09 billion, a P/E ratio of 23.70, a PEG ratio of 3.76 and a beta of 1.14. The company has a 50 day simple moving average of $94.55 and a 200 day simple moving average of $96.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. During the same quarter in the previous year, the business posted $1.69 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 annualized dividend and a yield of 4.8%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 111.39%.

About Federal Realty Investment Trust

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.