CX Institutional Takes Position in Federal Realty Investment Trust (NYSE:FRT)

CX Institutional bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 452 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds have also bought and sold shares of FRT. LPL Financial LLC raised its stake in shares of Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock worth $9,324,000 after purchasing an additional 12,387 shares in the last quarter. Van ECK Associates Corp increased its holdings in Federal Realty Investment Trust by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 35,769 shares of the real estate investment trust’s stock worth $4,004,000 after buying an additional 399 shares during the last quarter. Principal Securities Inc. raised its position in Federal Realty Investment Trust by 7.8% during the fourth quarter. Principal Securities Inc. now owns 5,511 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 398 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at $17,187,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $95.20 on Wednesday. The company’s 50 day moving average price is $94.72 and its two-hundred day moving average price is $101.39. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The firm has a market cap of $8.17 billion, a PE ratio of 27.28, a PEG ratio of 4.16 and a beta of 1.11. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The business had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.55 million. During the same period in the previous year, the company posted $1.64 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.62%. Federal Realty Investment Trust’s dividend payout ratio is 126.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Piper Sandler lowered their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on Federal Realty Investment Trust from $114.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $112.54.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.