Allspring Global Investments Holdings LLC Sells 2,271 Shares of Federal Realty Investment Trust (NYSE:FRT)

Allspring Global Investments Holdings LLC lowered its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 20.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,607 shares of the real estate investment trust’s stock after selling 2,271 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Federal Realty Investment Trust were worth $887,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new position in Federal Realty Investment Trust during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust lifted its holdings in shares of Federal Realty Investment Trust by 57.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 154 shares during the period. ZRC Wealth Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $72,000. CWM LLC lifted its holdings in shares of Federal Realty Investment Trust by 15.0% in the 3rd quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 137 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $110,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $103.60 on Thursday. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $107.61. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 2.87 and a beta of 1.21. The company has a fifty day simple moving average of $100.21 and a 200-day simple moving average of $98.43. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same period in the previous year, the company earned $1.58 EPS. Federal Realty Investment Trust’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s payout ratio is 155.71%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FRT. Mizuho lowered their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Truist Financial reiterated a “buy” rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Bank of America upped their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Scotiabank lowered their target price on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $109.00 to $110.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.70.

Federal Realty Investment Trust Company Profile

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.