Cbre Investment Management Listed Real Assets LLC Sells 322,597 Shares of Federal Realty Investment Trust $FRT

Cbre Investment Management Listed Real Assets LLC lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 46.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,096 shares of the real estate investment trust’s stock after selling 322,597 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Federal Realty Investment Trust were worth $35,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sound Financial Strategies Group LLC increased its stake in shares of Federal Realty Investment Trust by 3.4% during the second quarter. Sound Financial Strategies Group LLC now owns 7,218 shares of the real estate investment trust’s stock valued at $686,000 after buying an additional 237 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Federal Realty Investment Trust during the 2nd quarter valued at $258,000. Bank of New York Mellon Corp increased its position in Federal Realty Investment Trust by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 763,375 shares of the real estate investment trust’s stock valued at $72,513,000 after purchasing an additional 145,853 shares during the period. Sigma Planning Corp raised its holdings in Federal Realty Investment Trust by 3.2% in the 2nd quarter. Sigma Planning Corp now owns 13,159 shares of the real estate investment trust’s stock worth $1,250,000 after purchasing an additional 405 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth about $1,408,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $95.96 on Friday. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.09. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $8.28 billion, a P/E ratio of 24.29, a PEG ratio of 3.78 and a beta of 1.14. The stock’s 50 day moving average is $99.13 and its 200 day moving average is $96.46.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business had revenue of $322.25 million for the quarter, compared to the consensus estimate of $318.73 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.72%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FRT. JPMorgan Chase & Co. boosted their price target on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Wells Fargo & Company began coverage on Federal Realty Investment Trust in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 target price for the company. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays upped their price target on Federal Realty Investment Trust from $112.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, Evercore ISI decreased their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.46.

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.