Russell Investments Group Ltd. Buys 4,563 Shares of Federal Realty Investment Trust (NYSE:FRT)

Russell Investments Group Ltd. lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 127,408 shares of the real estate investment trust’s stock after acquiring an additional 4,563 shares during the period. Russell Investments Group Ltd. owned 0.16% of Federal Realty Investment Trust worth $13,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock worth $427,538,000 after buying an additional 509,909 shares during the last quarter. Invesco Ltd. lifted its position in Federal Realty Investment Trust by 0.9% during the 3rd quarter. Invesco Ltd. now owns 1,912,936 shares of the real estate investment trust’s stock worth $173,369,000 after acquiring an additional 16,714 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Federal Realty Investment Trust by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,114,841 shares of the real estate investment trust’s stock valued at $101,038,000 after acquiring an additional 19,749 shares during the period. Northern Trust Corp grew its position in shares of Federal Realty Investment Trust by 1.9% in the third quarter. Northern Trust Corp now owns 1,024,458 shares of the real estate investment trust’s stock valued at $92,847,000 after purchasing an additional 19,516 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Federal Realty Investment Trust in the third quarter worth about $80,342,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FRT. Truist Financial reaffirmed a “buy” rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $109.00 to $110.00 in a research note on Monday, April 22nd. Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday. Barclays upped their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Finally, Mizuho decreased their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $113.30.

Federal Realty Investment Trust Stock Down 2.8 %

NYSE FRT opened at $102.01 on Friday. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $107.61. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 1.99 and a beta of 1.20. The stock’s 50 day moving average is $100.75 and its two-hundred day moving average is $99.14. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.55% and a return on equity of 8.34%. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same period in the prior year, the firm earned $1.58 EPS. Federal Realty Investment Trust’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Federal Realty Investment Trust 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.