Sumitomo Mitsui Trust Group Inc. Sells 9,095 Shares of Federal Realty Investment Trust $FRT

Sumitomo Mitsui Trust Group Inc. lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 392,333 shares of the real estate investment trust’s stock after selling 9,095 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.45% of Federal Realty Investment Trust worth $39,747,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Federal Realty Investment Trust by 21.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 514 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after acquiring an additional 184,557 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Federal Realty Investment Trust by 12.5% in the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 355 shares in the last quarter. Voya Investment Management LLC lifted its stake in Federal Realty Investment Trust by 1.1% in the first quarter. Voya Investment Management LLC now owns 22,959 shares of the real estate investment trust’s stock worth $2,246,000 after acquiring an additional 254 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Federal Realty Investment Trust by 416.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,136 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 916 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FRT. Scotiabank reduced their price target on shares of Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $114.00 in a research note on Thursday, December 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday, December 29th. Mizuho set a $105.00 target price on Federal Realty Investment Trust in a report on Friday, January 9th. Finally, Wells Fargo & Company began coverage on Federal Realty Investment Trust in a report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $110.30.

Federal Realty Investment Trust Trading Up 1.9%

NYSE:FRT opened at $103.69 on Friday. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.65 and a beta of 1.01. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $111.82. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of $99.55 and a 200 day moving average of $97.95.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The business had revenue of $321.97 million for the quarter, compared to analyst estimates of $318.73 million. During the same period in the previous year, the company earned $1.71 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were paid a $1.13 dividend. The ex-dividend date was Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 114.72%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.