Swiss National Bank Buys 2,300 Shares of Federal Realty Investment Trust (NYSE:FRT)

Swiss National Bank increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,100 shares of the real estate investment trust’s stock after buying an additional 2,300 shares during the period. Swiss National Bank owned 0.18% of Federal Realty Investment Trust worth $16,580,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust in the third quarter worth about $36,000. Venturi Wealth Management LLC raised its stake in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 111 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in Federal Realty Investment Trust in the fourth quarter worth about $101,000. Finally, Jackson Grant Investment Advisers Inc. raised its stake in Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 137 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $97.30 on Wednesday. The company has a market capitalization of $8.34 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a 50 day moving average of $104.89 and a 200 day moving average of $110.38. Federal Realty Investment Trust has a twelve month low of $94.58 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.52%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Analysts Set New Price Targets

FRT has been the subject of a number of research reports. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Raymond James decreased their target price on shares of 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. Stifel Nicolaus decreased their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Finally, Mizuho decreased their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.77.

Federal Realty Investment Trust Company Profile

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.