Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Federal Realty Investment Trust (NYSE:FRT)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,021 shares of the real estate investment trust’s stock after selling 2,051 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $2,269,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FRT. RB Capital Management LLC purchased a new position in shares of Federal Realty Investment Trust in the first quarter worth about $272,000. American Century Companies Inc. increased its stake 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 worth $2,376,000 after purchasing an additional 10,601 shares in the last quarter. MetLife Investment Management LLC increased its stake 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 worth $2,368,000 after purchasing an additional 3,929 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Federal Realty Investment Trust by 3.9% in the first quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $625,000 after purchasing an additional 193 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Federal Realty Investment Trust by 7.7% in the first 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 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FRT. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $109.00 price objective for the company. Bank of America boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial reaffirmed a “buy” rating and set a $117.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Finally, Barclays boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $112.60.

Federal Realty Investment Trust Trading Up 1.3 %

Shares of Federal Realty Investment Trust stock opened at $99.77 on Friday. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The firm has a market cap of $8.28 billion, a PE ratio of 35.63, a PEG ratio of 2.75 and a beta of 1.21. 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 company has a 50 day simple moving average of $100.16 and a two-hundred day simple moving average of $98.07.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts expect that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were issued a $1.09 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.37%. Federal Realty Investment Trust’s payout ratio is 155.71%.

Federal Realty Investment Trust 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.