US Bancorp DE Raises Stake in Federal Realty Investment Trust (NYSE:FRT)

US Bancorp DE boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 15.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,932 shares of the real estate investment trust’s stock after buying an additional 389 shares during the period. US Bancorp DE’s holdings in Federal Realty Investment Trust were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 130 shares during the last quarter. Federated Hermes Inc. boosted its position in Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. CX Institutional purchased a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $44,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.8%

Shares of FRT stock opened at $93.78 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.76 and a beta of 1.14. The stock has a 50 day simple moving average of $94.55 and a 200-day simple moving average of $96.99. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. The firm had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. During the same period in the previous year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.8%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 111.39%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 target price on the stock. in a research report on Monday, June 23rd. Piper Sandler decreased their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. UBS Group decreased their price target on 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. Evercore ISI decreased their price target on Federal Realty Investment Trust from $109.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.14.

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.