Cbre Investment Management Listed Real Assets LLC Reduces Stake in Federal Realty Investment Trust $FRT

Cbre Investment Management Listed Real Assets LLC lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 71.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 105,726 shares of the real estate investment trust’s stock after selling 263,843 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Federal Realty Investment Trust were worth $10,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. boosted its position in 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 valued at $26,000 after buying an additional 241 shares during the last quarter. True Wealth Design LLC boosted its position in 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 valued at $27,000 after buying an additional 126 shares during the last quarter. Private Trust Co. NA boosted its position in 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 valued at $33,000 after buying an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FRT shares. Bank of America upped their price objective on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday. Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Barclays upped their price objective on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Scotiabank upped their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.79.

Federal Realty Investment Trust Stock Down 0.7%

NYSE FRT opened at $118.85 on Tuesday. The business has a fifty day moving average price of $111.63 and a 200 day moving average price of $105.64. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $121.84. 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 company has a market cap of $10.27 billion, a P/E ratio of 20.63, a P/E/G ratio of 4.52 and a beta of 0.94.

Federal Realty Investment Trust Dividend Announcement

The business 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. The ex-dividend date of this dividend 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 (DPR) is 78.47%.

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.