Charles Schwab Investment Management Inc. Acquires 34,283 Shares of Federal Realty Investment Trust $FRT

Charles Schwab Investment Management Inc. boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,337,106 shares of the real estate investment trust’s stock after purchasing an additional 34,283 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.55% of Federal Realty Investment Trust worth $127,012,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Federal Realty Investment Trust in the first quarter valued at approximately $52,017,000. Hsbc Holdings PLC raised its holdings in Federal Realty Investment Trust by 123.9% in the 1st quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock valued at $72,634,000 after acquiring an additional 412,843 shares in the last quarter. Strs Ohio bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $32,181,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 207.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock worth $38,132,000 after purchasing an additional 270,835 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Federal Realty Investment Trust by 1.9% in the second quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after purchasing an additional 244,854 shares during the period. 93.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FRT. LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. Stifel Nicolaus set a $104.50 price target on shares of Federal Realty Investment Trust in a research report on Friday, October 31st. Wall Street Zen downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Barclays reaffirmed an “equal weight” rating and issued a $106.00 target price (down previously from $113.00) on shares of Federal Realty Investment Trust in a report on Tuesday, November 18th. Finally, Mizuho boosted their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $107.96.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $98.66 on Friday. The business has a 50 day moving average of $98.14 and a 200-day moving average of $96.76. The company has a market capitalization of $8.51 billion, a P/E ratio of 24.98, a P/E/G ratio of 3.78 and a beta of 1.14. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $321.97 million for the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $4.52 annualized dividend and a yield of 4.6%. Federal Realty Investment Trust’s payout ratio is presently 114.72%.

Federal Realty Investment Trust 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.