abrdn plc Acquires 12,600 Shares of Federal Realty Investment Trust (NYSE:FRT)

abrdn plc grew its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 35.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,015 shares of the real estate investment trust's stock after acquiring an additional 12,600 shares during the period. abrdn plc owned 0.06% of Federal Realty Investment Trust worth $4,948,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 97 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Federal Realty Investment Trust by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust's stock valued at $2,078,000 after acquiring an additional 100 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Federal Realty Investment Trust by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust's stock worth $3,310,000 after purchasing an additional 130 shares during the period. Mariner LLC grew its holdings in Federal Realty Investment Trust by 2.2% during the third quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust's stock worth $568,000 after purchasing an additional 134 shares during the period. Finally, CWM LLC grew its holdings in Federal Realty Investment Trust by 15.0% during the third quarter. CWM LLC now owns 1,053 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 137 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $0.38 during midday trading on Friday, reaching $102.19. The company's stock had a trading volume of 559,732 shares, compared to its average volume of 536,914. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The business's 50 day moving average price is $100.30 and its two-hundred day moving average price is $98.66. The company has a market cap of $8.48 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.94 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The firm's quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were given a $1.09 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. Federal Realty Investment Trust's payout ratio is 155.71%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FRT. Mizuho reduced their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Barclays lifted their price target on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, January 19th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $110.00 to $112.00 in a report on Thursday, February 29th. Bank of America boosted their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Finally, Scotiabank reduced their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a "sector outperform" rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.70.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.