Truist Financial Corp Buys 107,529 Shares of Federal Realty Investment Trust $FRT

Truist Financial Corp increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 496.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,198 shares of the real estate investment trust’s stock after purchasing an additional 107,529 shares during the period. Truist Financial Corp owned approximately 0.15% of Federal Realty Investment Trust worth $13,089,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of FRT. National Wealth Management Group LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $253,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Federal Realty Investment Trust by 7.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 6,801 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 490 shares in the last quarter. Intact Investment Management Inc. increased its stake in Federal Realty Investment Trust by 1.4% in the third quarter. Intact Investment Management Inc. now owns 59,300 shares of the real estate investment trust’s stock valued at $6,008,000 after acquiring an additional 800 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in Federal Realty Investment Trust by 10.2% during the third quarter. Resona Asset Management Co. Ltd. now owns 56,314 shares of the real estate investment trust’s stock valued at $5,631,000 after purchasing an additional 5,215 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its stake in Federal Realty Investment Trust by 2.2% during the third quarter. UniSuper Management Pty Ltd now owns 42,264 shares of the real estate investment trust’s stock worth $4,282,000 after purchasing an additional 892 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Scotiabank dropped their price objective on Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Wells Fargo & Company assumed coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target on the stock. Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $101.00 to $115.00 in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $109.50 price objective on Federal Realty Investment Trust in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.30.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $101.10 on Friday. The business has a 50-day moving average of $100.46 and a 200-day moving average of $98.47. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $111.82.

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