Federal Realty Investment Trust $FRT Shares Sold by PGGM Investments

PGGM Investments cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,026,327 shares of the real estate investment trust’s stock after selling 45,488 shares during the period. Federal Realty Investment Trust accounts for approximately 1.6% of PGGM Investments’ investment portfolio, making the stock its 22nd biggest holding. PGGM Investments’ holdings in Federal Realty Investment Trust were worth $103,454,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FRT. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $25,000. Turning Point Benefit Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 126 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying 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 $35,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 4th. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Federal Realty Investment Trust from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, Truist Financial upped their price target on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.23.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $119.83 on Tuesday. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $120.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.53 and a beta of 0.92. The firm’s fifty day moving average is $110.21 and its two-hundred day moving average is $104.82.

Federal Realty Investment Trust Announces Dividend

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