Truist Financial Corp Reduces Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Truist Financial Corp reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRTFree Report) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,644 shares of the real estate investment trust’s stock after selling 627 shares during the quarter. Truist Financial Corp’s holdings in Federal Realty Investment Trust were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FRT. Anchor Investment Management LLC bought a new position in Federal Realty Investment Trust in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust raised its position in shares of Federal Realty Investment Trust by 57.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 154 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of 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 purchasing an additional 97 shares during the period. ZRC Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $72,000. Finally, Signaturefd LLC grew its stake in Federal Realty Investment Trust by 25.2% in the fourth quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 169 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on FRT. Truist Financial reissued a “buy” rating and set a $117.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Scotiabank cut their price objective on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. Bank of America raised their target price 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. Mizuho dropped their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Finally, Barclays raised their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average target price of $113.30.

Read Our Latest Report on FRT

Federal Realty Investment Trust Stock Up 0.0 %

FRT stock opened at $102.47 on Wednesday. The stock has a market capitalization of $8.50 billion, a P/E ratio of 36.47, a P/E/G ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $107.61. The business has a fifty day moving average price of $101.12 and a 200-day moving average price of $99.98.

Federal Realty Investment Trust (NYSE:FRTGet Free Report) last issued its 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 business 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 8.34% and a net margin of 20.55%. 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 EPS. Equities analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a yield of 4.25%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 155.16%.

Federal Realty Investment Trust Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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