BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 896 Shares of Federal Realty Investment Trust (NYSE:FRT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,479 shares of the real estate investment trust’s stock after selling 896 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.09% of Federal Realty Investment Trust worth $7,217,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $33,000. Blue Trust Inc. lifted its position in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Tidemark LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $40,000. Quarry LP acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $50,000. Finally, Richardson Financial Services Inc. bought a new stake in Federal Realty Investment Trust during the fourth quarter worth $51,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $115.00 on Friday. The stock has a fifty day simple moving average of $108.73 and a two-hundred day simple moving average of $103.54. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $117.02. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The firm had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the previous year, the company posted $1.67 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.83%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 156.58%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FRT shares. Mizuho raised their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial raised their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James increased their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Piper Sandler raised their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.82.

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.