Federal Realty Investment Trust $FRT Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 660,467 shares of the real estate investment trust’s stock after selling 23,328 shares during the quarter. Bank of New York Mellon Corp’s holdings in Federal Realty Investment Trust were worth $70,148,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FRT. Danske Bank A S lifted its stake in Federal Realty Investment Trust by 16.7% in the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its position in shares of Federal Realty Investment Trust by 2.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 100 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 103 shares during the last quarter. Equitable Holdings Inc. raised its holdings in shares of Federal Realty Investment Trust by 3.5% in the 3rd quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 105 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Federal Realty Investment Trust by 18.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $125.08 on Thursday. The company has a fifty day moving average of $121.49 and a two-hundred day moving average of $111.82. The company has a market capitalization of $10.81 billion, a PE ratio of 21.71, a P/E/G ratio of 2.99 and a beta of 0.93. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $126.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $1.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Friday, May 29th. Evercore set a $122.00 price objective on Federal Realty Investment Trust in a report on Tuesday, July 7th. Finally, Barclays raised their target price on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.31.

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.