Federal Realty Investment Trust (NYSE:FRT) Holdings Cut by Swiss National Bank

Swiss National Bank decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,600 shares of the real estate investment trust's stock after selling 16,700 shares during the quarter. Swiss National Bank owned about 0.18% of Federal Realty Investment Trust worth $14,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust's stock valued at $427,538,000 after acquiring an additional 509,909 shares during the last quarter. Invesco Ltd. increased its position in shares of Federal Realty Investment Trust by 0.9% during the 3rd quarter. Invesco Ltd. now owns 1,912,936 shares of the real estate investment trust's stock worth $173,369,000 after purchasing an additional 16,714 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Federal Realty Investment Trust by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,114,841 shares of the real estate investment trust's stock valued at $101,038,000 after buying an additional 19,749 shares during the period. Northern Trust Corp boosted its stake in Federal Realty Investment Trust by 1.9% during the third quarter. Northern Trust Corp now owns 1,024,458 shares of the real estate investment trust's stock worth $92,847,000 after buying an additional 19,516 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Federal Realty Investment Trust during the third quarter valued at about $80,342,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $109.00 to $110.00 in a report on Monday, April 22nd. Bank of America boosted their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Truist Financial restated a "buy" rating and issued a $117.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. Finally, Barclays upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $113.30.

Federal Realty Investment Trust Stock Down 0.8 %

Federal Realty Investment Trust stock traded down $0.83 during mid-day trading on Friday, hitting $101.72. The company had a trading volume of 703,979 shares, compared to its average volume of 682,646. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The business has a fifty day moving average of $101.09 and a 200 day moving average of $99.66.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced 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 20.55% and a return on equity of 8.34%. The company had revenue of $291.50 million during the quarter, compared to analysts' expectations of $292.05 million. During the same period last year, the firm earned $1.58 earnings per share. Federal Realty Investment Trust's revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.29%. Federal Realty Investment Trust's payout ratio is 155.16%.

Federal Realty Investment Trust Profile

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.