AssuredPartners Investment Advisors LLC Acquires New Stake in Federal Realty Investment Trust (NYSE:FRT)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,563 shares of the real estate investment trust’s stock, valued at approximately $511,000.

Several other large investors also recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after purchasing an additional 572,008 shares in the last quarter. FMR LLC grew its holdings in Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after buying an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Federal Realty Investment Trust by 456.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after acquiring an additional 496,129 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $26,548,000. Finally, Vanguard Group Inc. boosted its position in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after acquiring an additional 218,671 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Raymond James cut their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.85.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $96.86 on Friday. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50-day moving average of $103.95 and a 200 day moving average of $109.57. Federal Realty Investment Trust has a 12 month low of $94.58 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.