Allspring Global Investments Holdings LLC boosted its position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 27.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 11,157 shares of the real estate investment trust’s stock after acquiring an additional 2,376 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Federal Realty Investment Trust were worth $1,080,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its position in Federal Realty Investment Trust by 237.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 237 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $42,000. Sentry Investment Management LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $48,000. Avalon Trust Co acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $49,000. Finally, Parkside Financial Bank & Trust acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $60,000. Institutional investors and hedge funds own 87.92% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FRT. StockNews.com began coverage on Federal Realty Investment Trust in a report on Thursday, October 5th. They issued a “hold” rating for the company. Bank of America decreased their price objective on Federal Realty Investment Trust from $125.00 to $124.00 and set a “buy” rating for the company in a report on Tuesday, August 22nd. Wells Fargo & Company lifted their price target on Federal Realty Investment Trust from $93.00 to $103.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $105.00 to $101.00 in a research note on Monday, September 18th. Finally, Raymond James lowered Federal Realty Investment Trust from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $104.00 in a research note on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $112.91.
Federal Realty Investment Trust Price Performance
Shares of Federal Realty Investment Trust stock opened at $93.38 on Thursday. The business has a 50 day simple moving average of $92.18 and a two-hundred day simple moving average of $94.75. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $115.08. The stock has a market capitalization of $7.61 billion, a P/E ratio of 20.04, a PEG ratio of 2.38 and a beta of 1.25. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.43 and a quick ratio of 1.43.
Federal Realty Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.36 annualized dividend and a dividend yield of 4.67%. Federal Realty Investment Trust’s dividend payout ratio is presently 93.56%.
About Federal Realty Investment Trust
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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