Dimensional Fund Advisors LP Boosts Holdings in Federal Realty Investment Trust (NYSE:FRT)

Dimensional Fund Advisors LP boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.8% in the first quarter, HoldingsChannel.com reports. The fund owned 1,089,340 shares of the real estate investment trust’s stock after buying an additional 29,788 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Federal Realty Investment Trust were worth $107,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. RB Capital Management LLC purchased a new stake in Federal Realty Investment Trust in the 1st quarter valued at approximately $272,000. American Century Companies Inc. lifted its position in shares of Federal Realty Investment Trust by 119.6% in the first quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock valued at $2,376,000 after acquiring an additional 10,601 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Federal Realty Investment Trust by 25.4% in the first quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock valued at $2,368,000 after acquiring an additional 3,929 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.9% during the first quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $625,000 after acquiring an additional 193 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Federal Realty Investment Trust by 7.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock worth $1,156,000 after purchasing an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho raised their price target on shares of Federal Realty Investment Trust from $91.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Wells Fargo & Company lifted their target price on shares of Federal Realty Investment Trust from $93.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Bank of America reduced their price target on Federal Realty Investment Trust from $125.00 to $124.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Piper Sandler raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and set a $111.00 price objective for the company in a research report on Thursday, June 29th. They noted that the move was a valuation call. Finally, Barclays reduced their target price on Federal Realty Investment Trust from $127.00 to $119.00 in a research report on Wednesday, June 21st. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.50.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $97.54 on Friday. The business has a 50-day moving average of $99.56 and a two-hundred day moving average of $97.16. The firm has a market capitalization of $7.95 billion, a PE ratio of 20.93, a P/E/G ratio of 2.21 and a beta of 1.22. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.62 and a quick ratio of 1.62. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $115.08.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.08. Federal Realty Investment Trust’s dividend payout ratio is 92.70%.

Federal Realty Investment Trust Company Profile

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.