4,603 Shares in Federal Realty Investment Trust $FRT Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,603 shares of the real estate investment trust’s stock, valued at approximately $489,000.

Several other hedge funds also recently bought and sold shares of FRT. Jones Financial Companies Lllp lifted its position in shares of Federal Realty Investment Trust by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 514 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 43.1% during the first quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after acquiring an additional 184,557 shares during the last quarter. Empowered Funds LLC increased its position in Federal Realty Investment Trust by 12.5% during the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 355 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $2,895,000. Finally, EverSource Wealth Advisors LLC increased its position in Federal Realty Investment Trust by 18.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

FRT has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Raymond James Financial reissued an “outperform” rating and issued a $135.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Bank of America upped their price objective on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Barclays raised their target price on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.94.

Federal Realty Investment Trust Stock Up 0.3%

Shares of NYSE:FRT opened at $122.23 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.90 and a beta of 0.93. The stock’s 50-day moving average price is $120.36 and its two-hundred day moving average price is $110.84. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $126.41.

Federal Realty Investment Trust Announces Dividend

The business also recently announced 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. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s 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.