Knights of Columbus Asset Advisors LLC Purchases New Shares in Federal Realty Investment Trust $FRT

Knights of Columbus Asset Advisors LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,592 shares of the real estate investment trust’s stock, valued at approximately $972,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hilltop National Bank acquired a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $28,000. Spire Wealth Management increased its stake in shares of Federal Realty Investment Trust by 365.3% during the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 263 shares during the last quarter. Quent Capital LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth $39,000. Loomis Sayles & Co. L P acquired a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at about $41,000. Finally, Frazier Financial Advisors LLC acquired a new position in Federal Realty Investment Trust during the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FRT. Truist Financial lifted their price objective on Federal Realty Investment Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research report on Tuesday, October 7th. UBS Group set a $113.00 price target on Federal Realty Investment Trust in a report on Wednesday, January 14th. Scotiabank decreased their price objective on Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $107.00 to $114.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.30.

Federal Realty Investment Trust Stock Up 0.5%

Shares of NYSE:FRT opened at $101.10 on Friday. The company’s fifty day moving average is $100.46 and its 200-day moving average is $98.47. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $111.82. The company has a market capitalization of $8.72 billion, a PE ratio of 25.66, a P/E/G ratio of 4.34 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $321.97 million during the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

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.