Treasurer of the State of North Carolina Grows Position in Federal Realty Investment Trust (NYSE:FRT)

Treasurer of the State of North Carolina lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,119 shares of the real estate investment trust’s stock after acquiring an additional 1,110 shares during the period. Treasurer of the State of North Carolina’s holdings in Federal Realty Investment Trust were worth $4,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $810,544,000. Centersquare Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 935.8% during the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock worth $116,654,000 after purchasing an additional 941,414 shares during the last quarter. Invesco Ltd. grew its position in shares of Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. Vanguard Group Inc. increased its stake in Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after purchasing an additional 218,671 shares during the last quarter. Finally, APG Asset Management US Inc. acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $20,243,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.1 %

NYSE FRT opened at $92.34 on Wednesday. The stock has a market cap of $7.92 billion, a PE ratio of 26.92, a P/E/G ratio of 2.20 and a beta of 1.08. The business has a 50 day moving average price of $99.10 and a two-hundred day moving average price of $107.07. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Analyst Upgrades and Downgrades

Several analysts have commented on FRT shares. Stifel Nicolaus lowered their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Citigroup reiterated a “neutral” rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.