Franklin Resources Inc. Boosts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Franklin Resources Inc. boosted its holdings in Federal Realty Investment Trust (NYSE:FRTFree Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,304 shares of the real estate investment trust’s stock after buying an additional 757 shares during the quarter. Franklin Resources Inc.’s holdings in Federal Realty Investment Trust were worth $1,783,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Assetmark Inc. increased its holdings in Federal Realty Investment Trust by 1,667.2% in the fourth quarter. Assetmark Inc. now owns 1,184 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,117 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $1,154,000. UBS Group AG grew its holdings in shares of Federal Realty Investment Trust by 19.0% during the fourth quarter. UBS Group AG now owns 185,462 shares of the real estate investment trust’s stock worth $19,112,000 after purchasing an additional 29,639 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $410,000. Finally, Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $743,378,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $101.29 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The company has a market cap of $8.40 billion, a P/E ratio of 36.05, a PEG ratio of 2.02 and a beta of 1.21. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $107.61. The company has a 50-day moving average price of $100.89 and a 200 day moving average price of $100.65.

Federal Realty Investment Trust Dividend Announcement

The company 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 $1.09 dividend. The ex-dividend date is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a yield of 4.30%. Federal Realty Investment Trust’s payout ratio is currently 155.16%.

Analyst Upgrades and Downgrades

FRT has been the topic of several research reports. Evercore ISI dropped their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Scotiabank raised their price objective on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Bank of America raised their price target on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Truist Financial lowered their price target on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Finally, Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $114.00.

View Our Latest Stock Analysis on Federal Realty Investment Trust

Federal Realty Investment Trust 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.

See Also

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

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