Legal & General Group Plc Grows Stock Holdings in Federal Realty Investment Trust $FRT

Legal & General Group Plc grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 797,561 shares of the real estate investment trust’s stock after acquiring an additional 78,706 shares during the period. Legal & General Group Plc owned about 0.92% of Federal Realty Investment Trust worth $80,394,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FRT. AQR Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 330.5% in the 3rd quarter. AQR Capital Management LLC now owns 841,483 shares of the real estate investment trust’s stock valued at $84,434,000 after acquiring an additional 646,036 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Federal Realty Investment Trust by 453.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock valued at $59,539,000 after acquiring an additional 481,427 shares during the last quarter. Resolution Capital Ltd boosted its holdings in shares of Federal Realty Investment Trust by 11.8% in 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 acquiring an additional 344,189 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $33,779,000. Finally, Marshall Wace LLP boosted its holdings in shares of Federal Realty Investment Trust by 129.2% in the 3rd quarter. Marshall Wace LLP now owns 412,744 shares of the real estate investment trust’s stock valued at $41,815,000 after acquiring an additional 232,635 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $119.51 on Friday. The company’s fifty day moving average price is $111.38 and its 200 day moving average price is $105.44. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $121.84. The company has a market capitalization of $10.32 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 4.58 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FRT. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Friday. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Barclays increased their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler reissued an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday. Finally, Scotiabank increased their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.14.

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.