Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 36,458 Shares of Federal Realty Investment Trust (NYSE:FRT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRTGet Rating) by 39.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,575 shares of the real estate investment trust’s stock after purchasing an additional 36,458 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.16% of Federal Realty Investment Trust worth $11,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in Federal Realty Investment Trust during the third quarter worth about $27,000. Baldwin Brothers LLC MA bought a new position in Federal Realty Investment Trust during the second quarter worth about $34,000. Brown Brothers Harriman & Co. boosted its position in Federal Realty Investment Trust by 237.0% during the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 237 shares during the period. SeaCrest Wealth Management LLC bought a new position in Federal Realty Investment Trust during the second quarter worth about $46,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $49,000. Institutional investors own 86.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FRT. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Mizuho cut their price objective on shares of 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 raised their price objective on shares of Federal Realty Investment Trust from $114.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $118.00 to $115.00 in a research report on Friday, December 16th. Finally, Piper Sandler lowered shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $115.00 to $112.00 in a research report on Thursday, December 15th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

Federal Realty Investment Trust Trading Down 0.4 %

Shares of Federal Realty Investment Trust stock opened at $109.15 on Tuesday. The firm has a market cap of $8.86 billion, a PE ratio of 23.17, a PEG ratio of 2.62 and a beta of 1.14. Federal Realty Investment Trust has a 1 year low of $86.43 and a 1 year high of $135.48. The company has a 50 day simple moving average of $105.79 and a two-hundred day simple moving average of $101.75. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.40 and a quick ratio of 1.40.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared 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 dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, December 30th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 91.72%.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust operates as an equity real estate investment trust. It owns, manages, and re-develops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.

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

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