Mattern Capital Management LLC Has $5.77 Million Stock Holdings in Federal Realty Investment Trust $FRT

Mattern Capital Management LLC decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 33.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,361 shares of the real estate investment trust’s stock after selling 26,883 shares during the period. Mattern Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $5,774,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jain Global LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $15,046,000. M&T Bank Corp bought a new position in Federal Realty Investment Trust in the 4th quarter valued at $4,472,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Federal Realty Investment Trust by 97.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,120 shares of the real estate investment trust’s stock worth $3,148,000 after acquiring an additional 15,329 shares during the last quarter. Marshall Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $1,140,000. Finally, Groupama Asset Managment bought a new position in Federal Realty Investment Trust in the third quarter valued at about $1,777,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.8%

Shares of NYSE FRT opened at $121.90 on Tuesday. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $126.41. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.88 and a beta of 0.93. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average is $120.22 and its 200-day moving average is $110.70.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 78.47%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Mizuho set a $130.00 target price on shares of Federal Realty Investment Trust and gave the stock an “outperform” rating in a report on Monday, June 1st. Raymond James Financial reiterated an “outperform” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. Finally, Scotiabank lifted their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $125.94.

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.