Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its stake in Federal Realty Investment Trust (NYSE:FRTGet Rating) by 36.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 687 shares of the real estate investment trust’s stock after selling 401 shares during the period. Lazard Asset Management LLC’s holdings in Federal Realty Investment Trust were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $272,000. Arizona State Retirement System boosted its position in shares of Federal Realty Investment Trust by 0.5% during the first quarter. Arizona State Retirement System now owns 18,925 shares of the real estate investment trust’s stock worth $2,310,000 after buying an additional 87 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $5,513,000. Gladstone Institutional Advisory LLC acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $335,000. Finally, Victory Capital Management Inc. boosted its position in shares of Federal Realty Investment Trust by 12.9% during the first quarter. Victory Capital Management Inc. now owns 119,913 shares of the real estate investment trust’s stock worth $14,620,000 after buying an additional 13,696 shares during the period. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $109.53 on Friday. The stock has a market capitalization of $8.89 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.46 and a beta of 1.13. Federal Realty Investment Trust has a 1 year low of $86.43 and a 1 year high of $140.51. The business’s fifty day moving average is $97.32 and its two-hundred day moving average is $102.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.40 and a current ratio of 1.40.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.94%. The ex-dividend date is Friday, December 30th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 91.72%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FRT shares. Truist Financial reduced their price objective on Federal Realty Investment Trust from $125.00 to $120.00 in a research report on Monday, August 22nd. Mizuho reduced their price objective on Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, November 11th. Barclays cut their target price on Federal Realty Investment Trust to $114.00 in a research report on Thursday, October 27th. Raymond James cut their target price on Federal Realty Investment Trust from $140.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Thursday, September 1st. Finally, Piper Sandler cut their target price on Federal Realty Investment Trust from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.13.

Federal Realty Investment Trust Company Profile

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Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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