Fieldview Capital Management LLC Invests $1.15 Million in Federal Realty Investment Trust $FRT

Fieldview Capital Management LLC acquired a new position in Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,366 shares of the real estate investment trust’s stock, valued at approximately $1,146,000.

Several other institutional investors have also recently modified their holdings of FRT. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $25,000. Turning Point Benefit Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 241 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 126 shares during the last quarter. Private Trust Co. NA grew its holdings in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Federal Realty Investment Trust during the third quarter valued at approximately $35,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FRT shares. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Friday, May 29th. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Bank of America lifted their price target on Federal Realty Investment Trust from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Truist Financial lifted their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.21.

Federal Realty Investment Trust Trading Down 0.1%

NYSE FRT opened at $125.73 on Monday. The stock has a market cap of $10.86 billion, a P/E ratio of 21.83, a P/E/G ratio of 3.00 and a beta of 0.94. The stock’s fifty day moving average price is $114.95 and its 200-day moving average price is $107.26. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $126.41.

Federal Realty Investment Trust Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.6%. Federal Realty Investment Trust’s payout ratio is 78.47%.

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.