Federal Realty Investment Trust $FRT Position Lifted by Private Management Group Inc.

Private Management Group Inc. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 287,520 shares of the real estate investment trust’s stock after purchasing an additional 12,824 shares during the period. Private Management Group Inc.’s holdings in Federal Realty Investment Trust were worth $31,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in Federal Realty Investment Trust during the 2nd quarter worth $59,832,000. Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 10.3% in the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after purchasing an additional 340,524 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Federal Realty Investment Trust by 693.9% during the first quarter. First Trust Advisors LP now owns 382,058 shares of the real estate investment trust’s stock valued at $40,578,000 after purchasing an additional 333,931 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Federal Realty Investment Trust by 90.2% during the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after purchasing an additional 241,684 shares in the last quarter. Finally, Adelante Capital Management LLC acquired a new stake in shares of Federal Realty Investment Trust during the second quarter valued at about $27,480,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $113.78 on Tuesday. The stock’s 50 day moving average is $110.46 and its 200 day moving average is $113.24. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.53 and a quick ratio of 1.70. The firm has a market cap of $9.79 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.86 and a beta of 0.94. Federal Realty Investment Trust has a one year low of $95.14 and a one year high of $128.21.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Friday, October 30th. The real estate investment trust reported $0.74 EPS for the quarter, missing the consensus estimate of $1.85 by ($1.11). The company had revenue of $339.02 million during the quarter, compared to the consensus estimate of $336.57 million. Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.77 earnings per share. As a group, research analysts expect that Federal Realty Investment Trust will post 7.56 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust’s dividend payout ratio is currently 92.80%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FRT. JPMorgan Chase & Co. upped their price objective on Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Truist Financial began coverage on shares of Federal Realty Investment Trust in a research report on Thursday, October 1st. They set a “hold” rating and a $116.00 target price on the stock. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Evercore set a $123.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, September 21st. Finally, Piper Sandler raised their price target on shares of Federal Realty Investment Trust from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $124.31.

Insider Activity at Federal Realty Investment Trust

In other news, Director Nicole Lamb-Hale sold 1,500 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the sale, the director directly owned 4,613 shares in the company, valued at $502,309.57. This represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space.

The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

Founded in 1962, Federal Realty has developed and operated properties such as Santana Row in San Jose, California, and Pike & Rose in North Bethesda, Maryland.