Federal Realty Investment Trust $FRT Shares Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 50.0% in the third quarter, Holdings Channel reports. The firm owned 150,000 shares of the real estate investment trust’s stock after acquiring an additional 50,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Federal Realty Investment Trust were worth $15,196,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Federal Realty Investment Trust during the second quarter worth about $690,507,000. GRS Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at about $47,517,000. Resolution Capital Ltd raised its holdings in shares of Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after buying an additional 344,189 shares during the period. Lasalle Investment Management Securities LLC lifted its position in Federal Realty Investment Trust by 1,816.7% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 296,392 shares of the real estate investment trust’s stock worth $28,154,000 after acquiring an additional 280,928 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Federal Realty Investment Trust by 207.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock worth $38,132,000 after acquiring an additional 270,835 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 1.9%

NYSE FRT opened at $103.69 on Tuesday. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 3.71 and a beta of 1.01. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.60 and a quick ratio of 1.60. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $111.82. The company’s fifty day moving average price is $99.69 and its two-hundred day moving average price is $98.06.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share 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 company had revenue of $321.97 million during the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the previous year, the firm earned $1.71 EPS. The company’s revenue 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, research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective on the stock. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $101.00 to $115.00 in a report on Monday, December 15th. Barclays reissued a “positive” rating and issued a $107.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, January 13th. Finally, Mizuho set a $105.00 target price on Federal Realty Investment Trust in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.30.

About Federal Realty Investment Trust

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.