Charles Schwab Investment Management Inc. Increases Position in Federal Realty Investment Trust (NYSE:FRT)

Charles Schwab Investment Management Inc. grew its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,095,092 shares of the real estate investment trust’s stock after acquiring an additional 10,405 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.34% of Federal Realty Investment Trust worth $105,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning increased its holdings in shares of Federal Realty Investment Trust by 55.6% in the 2nd quarter. Creative Planning now owns 5,379 shares of the real estate investment trust’s stock valued at $521,000 after acquiring an additional 1,922 shares during the period. NewEdge Wealth LLC increased its holdings in shares of Federal Realty Investment Trust by 1.7% in the 1st quarter. NewEdge Wealth LLC now owns 8,923 shares of the real estate investment trust’s stock valued at $882,000 after acquiring an additional 146 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of Federal Realty Investment Trust by 6.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 3,550 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 200 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of Federal Realty Investment Trust by 12.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 92,280 shares of the real estate investment trust’s stock valued at $8,930,000 after acquiring an additional 10,000 shares during the period. Finally, abrdn plc increased its holdings in shares of Federal Realty Investment Trust by 4.2% in the 1st quarter. abrdn plc now owns 34,284 shares of the real estate investment trust’s stock valued at $3,388,000 after acquiring an additional 1,386 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Mizuho downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $101.00 in a research note on Monday, September 18th. Bank of America dropped their target price on Federal Realty Investment Trust from $125.00 to $124.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Raymond James downgraded Federal Realty Investment Trust from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $115.00 to $104.00 in a research note on Tuesday, September 5th. Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, November 13th. Finally, StockNews.com assumed coverage on Federal Realty Investment Trust in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Hold” and a consensus price target of $112.36.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $92.38 on Tuesday. The stock has a 50-day moving average of $91.51 and a two-hundred day moving average of $94.55. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $115.08. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $7.53 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.55 and a beta of 1.25.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $1.09 per share. The ex-dividend date is Friday, December 29th. This represents a $4.36 dividend on an annualized basis and a yield of 4.72%. Federal Realty Investment Trust’s dividend payout ratio is currently 126.74%.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.