Federal Realty Investment Trust $FRT Stake Increased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the real estate investment trust’s stock after purchasing an additional 50,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Federal Realty Investment Trust were worth $20,160,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FRT. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at $25,000. Turning Point Benefit Group Inc. lifted its holdings 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 valued at $26,000 after purchasing an additional 241 shares in the last quarter. True Wealth Design LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 126 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Federal Realty Investment Trust in the third quarter valued at $35,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $113.10 on Monday. 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 1 year low of $89.99 and a 1 year high of $117.22. The business has a fifty day simple moving average of $108.97 and a 200 day simple moving average of $103.93. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 4.28 and a beta of 0.92.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.38). Federal Realty Investment Trust had a return on equity of 15.99% and a net margin of 38.63%.The firm had revenue of $336.05 million for the quarter, compared to analysts’ expectations of $327.65 million. During the same quarter in the prior year, the business posted $1.73 earnings per share. Federal Realty Investment Trust’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.51 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm 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. This represents a $4.52 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 78.47%.

Analysts Set New Price Targets

FRT has been the subject of a number of research analyst reports. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Piper Sandler increased their price objective on Federal Realty Investment Trust from $115.00 to $127.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Truist Financial increased their price objective on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Stifel Nicolaus increased their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Barclays increased their price objective on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.40.

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.