Folger Nolan Fleming Douglas Capital Management Inc. Lowers Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in shares of Federal Realty Investment Trust (NYSE:FRTGet Rating) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,079 shares of the real estate investment trust’s stock after selling 250 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Federal Realty Investment Trust were worth $869,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FRT. Vanguard Group Inc. bought a new stake in Federal Realty Investment Trust in the 1st quarter worth about $1,481,079,000. State Street Corp increased its holdings in Federal Realty Investment Trust by 4.7% in the 1st quarter. State Street Corp now owns 7,816,925 shares of the real estate investment trust’s stock worth $962,292,000 after buying an additional 351,320 shares in the last quarter. BlackRock Inc. increased its holdings in Federal Realty Investment Trust by 5.2% in the 4th quarter. BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock worth $1,030,577,000 after buying an additional 372,411 shares in the last quarter. Norges Bank bought a new stake in Federal Realty Investment Trust in the 4th quarter worth about $983,225,000. Finally, Geode Capital Management LLC increased its holdings in Federal Realty Investment Trust by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,477,819 shares of the real estate investment trust’s stock worth $201,185,000 after buying an additional 14,201 shares in the last quarter. Hedge funds and other institutional investors own 84.36% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $0.64 during trading hours on Friday, reaching $89.82. The company’s stock had a trading volume of 18,258 shares, compared to its average volume of 654,478. The firm’s 50-day moving average price is $103.86 and its 200-day moving average price is $109.15. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 1 year low of $90.39 and a 1 year high of $140.51. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.38 and a beta of 1.13.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Thursday, September 22nd will be issued a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. This represents a $4.32 dividend on an annualized basis and a yield of 4.81%. Federal Realty Investment Trust’s payout ratio is currently 124.86%.

Analyst Ratings Changes

Several research firms recently commented on FRT. Piper Sandler reduced their price objective on Federal Realty Investment Trust to $120.00 in a report on Monday, July 4th. Truist Financial cut their price target on Federal Realty Investment Trust from $125.00 to $120.00 in a research note on Monday, August 22nd. Raymond James cut their price target on Federal Realty Investment Trust from $140.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Thursday, September 1st. UBS Group cut their price target on Federal Realty Investment Trust from $126.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Federal Realty Investment Trust from $143.00 to $121.00 in a research note on Monday, July 11th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.20.

Federal Realty Investment Trust Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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