XTX Topco Ltd acquired a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,394 shares of the real estate investment trust's stock, valued at approximately $1,408,000.
A number of other hedge funds also recently bought and sold shares of FRT. Commonwealth Equity Services LLC raised its holdings in Federal Realty Investment Trust by 4.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,192 shares of the real estate investment trust's stock valued at $693,000 after acquiring an additional 257 shares during the last quarter. American Century Companies Inc. raised its holdings in Federal Realty Investment Trust by 3.4% in the 4th quarter. American Century Companies Inc. now owns 28,449 shares of the real estate investment trust's stock valued at $3,185,000 after acquiring an additional 929 shares during the last quarter. LPL Financial LLC raised its holdings in Federal Realty Investment Trust by 17.5% in the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock valued at $9,324,000 after acquiring an additional 12,387 shares during the last quarter. Blair William & Co. IL raised its holdings in Federal Realty Investment Trust by 49.7% in the 4th quarter. Blair William & Co. IL now owns 2,683 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 891 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Federal Realty Investment Trust by 204.4% in the 4th quarter. Franklin Resources Inc. now owns 38,051 shares of the real estate investment trust's stock valued at $4,260,000 after acquiring an additional 25,551 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.
Analyst Upgrades and Downgrades
FRT has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Monday, June 16th. BMO Capital Markets restated an "outperform" rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target for the company. in a report on Monday, June 23rd. Mizuho cut their price target on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Raymond James Financial cut their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average target price of $111.29.
Check Out Our Latest Research Report on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Up 1.0%
FRT stock traded up $0.90 during midday trading on Monday, hitting $91.51. The company's stock had a trading volume of 1,015,670 shares, compared to its average volume of 777,117. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The firm has a market capitalization of $7.85 billion, a P/E ratio of 26.22, a PEG ratio of 3.62 and a beta of 1.14. The firm has a 50-day simple moving average of $94.94 and a 200-day simple moving average of $97.71.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same period last year, the business earned $1.64 EPS. The company's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.
Federal Realty Investment Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.
Federal Realty Investment Trust Company Profile
(
Free Report)
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.
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