Stratos Wealth Partners LTD. Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Stratos Wealth Partners LTD. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, Holdings Channel reports. The firm acquired 2,211 shares of the real estate investment trust’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Federal Realty Investment Trust during the 4th quarter valued at $945,000. State of Michigan Retirement System increased its stake in Federal Realty Investment Trust by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock valued at $2,078,000 after purchasing an additional 100 shares in the last quarter. Oak Thistle LLC increased its stake in Federal Realty Investment Trust by 107.5% during the 4th quarter. Oak Thistle LLC now owns 16,069 shares of the real estate investment trust’s stock valued at $1,656,000 after purchasing an additional 8,324 shares in the last quarter. JB Capital LLC increased its stake in Federal Realty Investment Trust by 23.4% during the 4th quarter. JB Capital LLC now owns 8,427 shares of the real estate investment trust’s stock valued at $868,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Federal Realty Investment Trust by 56.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $96.47 on Wednesday. The company has a fifty day moving average price of $100.34 and a 200-day moving average price of $97.99. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.83 and a beta of 1.21. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. Federal Realty Investment Trust’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. As a group, equities research analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 13th were issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 155.71%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Truist Financial restated a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Bank of America upped their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Barclays upped their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $112.60.

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.