First Citizens Bank & Trust Co. Acquires 8,400 Shares of Federal Realty Investment Trust $FRT

First Citizens Bank & Trust Co. bought a new position in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 8,400 shares of the real estate investment trust’s stock, valued at approximately $910,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resolution Capital Ltd increased its position in shares of Federal Realty Investment Trust by 10.3% during the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after buying an additional 340,524 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Federal Realty Investment Trust by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust’s stock worth $136,368,000 after buying an additional 53,109 shares during the period. Bank of America Corp DE lifted its holdings in Federal Realty Investment Trust by 90.2% in the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock worth $54,114,000 after buying an additional 241,684 shares during the period. Wellington Management Group LLP bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at approximately $59,832,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Federal Realty Investment Trust by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 438,553 shares of the real estate investment trust’s stock valued at $46,579,000 after acquiring an additional 2,535 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRT has been the topic of a number of research analyst reports. Mizuho reduced their target price on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Barclays lowered their target price on Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Citigroup raised their target price on Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wolfe Research assumed coverage on Federal Realty Investment Trust in a research report on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, UBS Group reduced their price target on Federal Realty Investment Trust from $127.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price of $125.06.

Insider Buying and Selling

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the sale, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.6%

Federal Realty Investment Trust stock opened at $106.27 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.46. The business’s fifty day simple moving average is $112.83 and its two-hundred day simple moving average is $116.28. Federal Realty Investment Trust has a 12 month low of $90.03 and a 12 month high of $128.21. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.88). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The company had revenue of $335.71 million for the quarter, compared to the consensus estimate of $331.92 million. During the same quarter in the previous year, the business earned $1.91 earnings per share. Federal Realty Investment Trust’s revenue was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.54 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $1.16 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.64 annualized dividend and a yield of 4.4%. Federal Realty Investment Trust’s payout ratio is currently 93.74%.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE:FRT) is a real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio is focused primarily on high-quality shopping centers and properties that combine retail, dining, entertainment, office and residential uses.

Founded in 1962, Federal Realty serves densely populated and affluent communities in major metropolitan markets, including the Mid-Atlantic, Northeast, Florida and California. The company’s properties are anchored by grocery stores, specialty retailers, restaurants and other service-oriented businesses, with select developments incorporating apartments, offices and public spaces.

In addition to owning real estate, Federal Realty provides property management, leasing, development and redevelopment services designed to maintain and enhance its properties over the long term.