Federal Realty Investment Trust $FRT Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,179 shares of the real estate investment trust’s stock after selling 18,070 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned approximately 0.11% of Federal Realty Investment Trust worth $9,695,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $25,000. Turning Point Benefit Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1,853.8% in the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 241 shares during the period. True Wealth Design LLC increased its holdings in shares of Federal Realty Investment Trust by 88.7% in the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares during the period. Private Trust Co. NA increased its holdings in shares of Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $35,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Piper Sandler boosted their price objective on shares of Federal Realty Investment Trust from $115.00 to $127.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their price objective on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.40.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $118.53 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $118.74. The stock has a market cap of $10.24 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 4.39 and a beta of 0.92. The firm’s fifty day simple moving average is $109.66 and its 200-day simple moving average is $104.49.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $1.13 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is currently 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.