Private Management Group Inc. lifted its holdings in Federal Realty Investment Trust (NYSE:FRT – Free Report) by 168.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 279,772 shares of the real estate investment trust’s stock after purchasing an additional 175,377 shares during the period. Private Management Group Inc. owned about 0.32% of Federal Realty Investment Trust worth $28,344,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FRT. Quent Capital LLC bought a new position in Federal Realty Investment Trust in the third quarter worth approximately $39,000. Loomis Sayles & Co. L P purchased a new stake in Federal Realty Investment Trust during the second quarter worth $41,000. Hantz Financial Services Inc. boosted its position in Federal Realty Investment Trust by 1,148.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 412 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 379 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Federal Realty Investment Trust by 87.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 491 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 229 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of Federal Realty Investment Trust by 71.3% in the 3rd quarter. Clearstead Advisors LLC now owns 603 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 251 shares during the period. 93.86% of the stock is currently owned by institutional investors.
Federal Realty Investment Trust Stock Down 0.8%
Federal Realty Investment Trust stock opened at $104.48 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 4.62 and a beta of 0.99. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $110.89. The business has a fifty day moving average price of $104.60 and a 200-day moving average price of $100.99.
Federal Realty Investment Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, April 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.3%. Federal Realty Investment Trust’s payout ratio is presently 96.79%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on FRT shares. Weiss Ratings raised Federal Realty Investment Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Stifel Nicolaus raised their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Mizuho set a $105.00 target price on Federal Realty Investment Trust in a research note on Friday, January 9th. Scotiabank reduced their target price 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, January 14th. Finally, Barclays raised their price target on shares of Federal Realty Investment Trust from $107.00 to $109.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.
Read Our Latest Stock Report on FRT
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.
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