Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by abrdn plc

abrdn plc increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 35.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,015 shares of the real estate investment trust’s stock after purchasing an additional 12,600 shares during the period. abrdn plc’s holdings in Federal Realty Investment Trust were worth $4,948,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Lafayette Investments Inc. acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $222,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 97 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Federal Realty Investment Trust by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,309 shares of the real estate investment trust’s stock valued at $4,154,000 after acquiring an additional 907 shares during the last quarter. Strs Ohio raised its holdings in Federal Realty Investment Trust by 32.7% in the 4th quarter. Strs Ohio now owns 136,781 shares of the real estate investment trust’s stock valued at $14,095,000 after acquiring an additional 33,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Federal Realty Investment Trust by 1.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 183,256 shares of the real estate investment trust’s stock valued at $18,885,000 after acquiring an additional 3,360 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Down 0.4 %

Shares of Federal Realty Investment Trust stock opened at $102.19 on Friday. The company has a fifty day moving average price of $100.30 and a 200 day moving average price of $98.59. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT) last announced 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). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same period last year, the company posted $1.58 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts forecast that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 155.71%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial reiterated a “buy” rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Bank of America boosted their price target on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Barclays upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Finally, Scotiabank dropped their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $112.70.

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.