Federal Realty Investment Trust $FRT Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 24.3% during the fourth quarter, HoldingsChannel reports. The firm owned 34,800 shares of the real estate investment trust’s stock after acquiring an additional 6,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Federal Realty Investment Trust were worth $3,508,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Blackhawk Capital Partners LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter worth about $1,513,000. Swiss Life Asset Management Ltd increased its stake in Federal Realty Investment Trust by 12.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 4,209 shares of the real estate investment trust’s stock worth $424,000 after purchasing an additional 468 shares in the last quarter. NewEdge Wealth LLC increased its stake in Federal Realty Investment Trust by 8.2% in the 4th quarter. NewEdge Wealth LLC now owns 6,937 shares of the real estate investment trust’s stock worth $699,000 after purchasing an additional 526 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 21,059 shares in the last quarter. Finally, Ethic Inc. increased its stake in Federal Realty Investment Trust by 6.7% in the 4th quarter. Ethic Inc. now owns 4,256 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FRT. Scotiabank lifted their price target on Federal Realty Investment Trust from $113.00 to $118.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. Truist Financial lifted their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Evercore set a $110.00 price target on Federal Realty Investment Trust in a research note on Monday, May 4th. Finally, Citigroup lifted their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.40.

Federal Realty Investment Trust Trading Down 0.2%

NYSE:FRT opened at $113.85 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $117.22. The stock’s 50-day moving average is $108.91 and its two-hundred day moving average is $103.84. The stock has a market cap of $9.84 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 4.43 and a beta of 0.92.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, February 12th. The real estate investment trust reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.38). Federal Realty Investment Trust had a net margin of 38.63% and a return on equity of 15.99%. The business had revenue of $336.05 million for the quarter, compared to analysts’ expectations of $327.65 million. During the same period last year, the firm earned $1.73 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 7.51 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

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.