Centersquare Investment Management LLC boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,270,854 shares of the real estate investment trust’s stock after buying an additional 27,306 shares during the quarter. Federal Realty Investment Trust makes up approximately 1.3% of Centersquare Investment Management LLC’s portfolio, making the stock its 28th biggest position. Centersquare Investment Management LLC owned 1.47% of Federal Realty Investment Trust worth $128,750,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the second quarter worth about $690,507,000. Rakuten Investment Management Inc. acquired a new stake in Federal Realty Investment Trust during the 3rd quarter valued at approximately $51,156,000. GRS Advisors LLC bought a new position in Federal Realty Investment Trust during the 2nd quarter worth approximately $47,517,000. Resolution Capital Ltd lifted its position 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 worth $310,109,000 after purchasing an additional 344,189 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its position in shares of Federal Realty Investment Trust by 1,816.7% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 296,392 shares of the real estate investment trust’s stock worth $28,154,000 after purchasing an additional 280,928 shares during the period. Institutional investors own 93.86% of the company’s stock.
Federal Realty Investment Trust Stock Up 0.3%
FRT opened at $108.06 on Thursday. The company has a market cap of $9.32 billion, a P/E ratio of 23.14, a P/E/G ratio of 4.71 and a beta of 1.02. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.57. The business’s 50-day moving average price is $103.05 and its 200-day moving average price is $99.97. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $109.65.
Federal Realty Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Federal Realty Investment Trust’s payout ratio is currently 96.79%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on FRT shares. UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a research note on Wednesday, January 14th. Truist Financial increased their target price on shares of 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. Evercore set a $107.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, February 17th. Scotiabank dropped their price objective on shares of 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, Piper Sandler raised their target price on Federal Realty Investment Trust from $115.00 to $127.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.00.
Get Our Latest Analysis on FRT
Federal Realty Investment Trust Company Profile
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.
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