KBC Group NV Buys 151 Shares of Federal Realty Investment Trust (NYSE:FRT)

KBC Group NV boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,844 shares of the real estate investment trust’s stock after acquiring an additional 151 shares during the quarter. KBC Group NV’s holdings in Federal Realty Investment Trust were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after buying an additional 218,671 shares during the period. Norges Bank bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at about $810,544,000. Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock valued at $394,417,000 after acquiring an additional 389,266 shares during the last quarter. Invesco Ltd. boosted its holdings in Federal Realty Investment Trust by 41.4% during the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after acquiring an additional 893,258 shares during the period. Finally, Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust’s stock worth $227,457,000 after acquiring an additional 77,783 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.9%

FRT opened at $95.73 on Friday. 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 has a 52 week low of $80.65 and a 52 week high of $118.34. The stock has a market cap of $8.21 billion, a PE ratio of 27.43, a PEG ratio of 4.16 and a beta of 1.09. The business has a 50 day moving average of $95.39 and a 200-day moving average of $99.75.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $307.55 million. During the same quarter in the prior year, the company earned $1.64 earnings per share. The firm’s quarterly revenue 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 fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business 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. This represents a $4.40 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 126.07%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays started coverage on shares of Federal Realty Investment Trust in a research note on Wednesday. They issued an “overweight” rating and a $106.00 target price on the stock. Raymond James Financial decreased their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Piper Sandler lowered their price objective on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. UBS Group dropped their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, June 16th. Finally, Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.07.

Federal Realty Investment Trust Company Profile

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.