ProShare Advisors LLC Lowers Position in Federal Realty Investment Trust $FRT

ProShare Advisors LLC cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,601,239 shares of the real estate investment trust’s stock after selling 195,763 shares during the quarter. ProShare Advisors LLC owned 1.86% of Federal Realty Investment Trust worth $161,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $25,000. Turning Point Benefit Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 241 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 126 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $35,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on FRT shares. UBS Group increased their price target on Federal Realty Investment Trust from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. Citigroup increased their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Truist Financial increased their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Stifel Nicolaus increased their price target on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Evercore set a $110.00 price target on Federal Realty Investment Trust in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.73.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $114.89 on Tuesday. The stock has a fifty day simple moving average of $109.09 and a two-hundred day simple moving average of $104.04. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $117.22. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 4.28 and a beta of 0.92. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

About Federal Realty Investment Trust

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.