Qube Research & Technologies Ltd Takes $16.25 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Qube Research & Technologies Ltd purchased a new stake in Federal Realty Investment Trust (NYSE:FRTGet Rating) in the first quarter, Holdings Channel.com reports. The fund purchased 133,135 shares of the real estate investment trust’s stock, valued at approximately $16,252,000.

A number of other large investors have also made changes to their positions in FRT. National Bank of Canada FI purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $33,000. CWM LLC purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $50,000. Calamos Advisors LLC increased its holdings in Federal Realty Investment Trust by 3.9% during the 4th quarter. Calamos Advisors LLC now owns 54,620 shares of the real estate investment trust’s stock valued at $7,446,000 after acquiring an additional 2,052 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Federal Realty Investment Trust by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,904 shares of the real estate investment trust’s stock valued at $4,485,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Federal Realty Investment Trust by 106.8% during the 4th quarter. Fifth Third Bancorp now owns 6,331 shares of the real estate investment trust’s stock valued at $863,000 after acquiring an additional 3,270 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.7 %

FRT opened at $105.75 on Friday. The firm has a market capitalization of $8.40 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.94 and a beta of 1.13. The firm’s 50 day moving average is $101.50 and its 200-day moving average is $113.18. Federal Realty Investment Trust has a 52-week low of $92.02 and a 52-week high of $140.51. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). The firm had revenue of $256.80 million for the quarter, compared to analysts’ expectations of $249.13 million. Federal Realty Investment Trust had a net margin of 27.46% and a return on equity of 11.05%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. Analysts expect that Federal Realty Investment Trust will post 6.02 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Thursday, September 22nd will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.09%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 123.70%.

Analyst Ratings Changes

FRT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Federal Realty Investment Trust from $143.00 to $121.00 in a research note on Monday, July 11th. Credit Suisse Group initiated coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $104.00 price target on the stock. Piper Sandler decreased their price target on shares of Federal Realty Investment Trust to $120.00 in a research note on Monday, July 4th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Thursday, May 12th. Finally, Barclays decreased their target price on shares of Federal Realty Investment Trust from $142.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

Insider Activity

In related news, Director David W. Faeder purchased 10,565 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average price of $95.84 per share, for a total transaction of $1,012,549.60. Following the completion of the purchase, the director now owns 23,878 shares in the company, valued at $2,288,467.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Profile

(Get Rating)

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

Further Reading

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRTGet Rating).

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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