Brighton Jones LLC Buys New Holdings in Federal Realty Investment Trust $FRT

Brighton Jones LLC acquired a new position in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,045 shares of the real estate investment trust’s stock, valued at approximately $511,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Federal Realty Investment Trust in the second quarter valued at $690,507,000. GRS Advisors LLC acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $47,517,000. Resolution Capital Ltd lifted its holdings in shares of Federal Realty Investment Trust by 11.8% in the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after buying an additional 344,189 shares during the period. Strs Ohio purchased a new stake in shares of Federal Realty Investment Trust in the first quarter worth about $32,181,000. Finally, Lasalle Investment Management Securities LLC boosted its stake in shares of Federal Realty Investment Trust by 1,816.7% in the second quarter. Lasalle Investment Management Securities LLC now owns 296,392 shares of the real estate investment trust’s stock worth $28,154,000 after buying an additional 280,928 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $102.33 on Friday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $113.00. The stock has a market cap of $8.83 billion, a PE ratio of 25.97, a P/E/G ratio of 3.76 and a beta of 1.01. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50 day moving average price of $98.50 and a 200 day moving average price of $97.34.

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

Federal Realty Investment Trust Announces Dividend

The business 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 $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, January 2nd. Federal Realty Investment Trust’s payout ratio is 114.72%.

Analyst Upgrades and Downgrades

FRT has been the subject 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. Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a report on Tuesday, October 7th. Truist Financial increased their price target on shares of Federal Realty Investment Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Wells Fargo & Company started coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target on the stock. Finally, Stifel Nicolaus set a $109.50 price objective on shares of Federal Realty Investment Trust in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.30.

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.