Thrivent Financial for Lutherans Buys 22,270 Shares of Federal Realty Investment Trust $FRT

Thrivent Financial for Lutherans increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 704.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,433 shares of the real estate investment trust’s stock after purchasing an additional 22,270 shares during the period. Thrivent Financial for Lutherans’ holdings in Federal Realty Investment Trust were worth $2,388,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FRT. Vanguard Group Inc. increased its stake in shares of Federal Realty Investment Trust by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock valued at $1,260,813,000 after buying an additional 244,854 shares during the period. Norges Bank acquired a new position in shares of Federal Realty Investment Trust during the second quarter valued at $690,507,000. State Street Corp boosted its holdings in Federal Realty Investment Trust by 2.8% in the second quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock valued at $624,903,000 after acquiring an additional 176,613 shares during the last quarter. Resolution Capital Ltd increased its position in Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after purchasing an additional 344,189 shares during the period. Finally, Invesco Ltd. raised its holdings in Federal Realty Investment Trust by 3.1% during the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock worth $257,700,000 after purchasing an additional 82,312 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday. Stifel Nicolaus set a $109.50 target price on Federal Realty Investment Trust in a research report on Thursday, December 18th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the company from $107.00 to $114.00 in a research note on Thursday, December 18th. Finally, Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $101.00 to $115.00 in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.30.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $101.08 on Wednesday. The company has a fifty day moving average price of $98.26 and a 200 day moving average price of $97.23. The firm has a market cap of $8.72 billion, a PE ratio of 25.65, a PEG ratio of 3.73 and a beta of 1.00. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.52. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $113.13.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The company had revenue of $321.97 million for the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.72%.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.