Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by US Bancorp DE

US Bancorp DE lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,749 shares of the real estate investment trust’s stock after purchasing an additional 124 shares during the period. US Bancorp DE’s holdings in Federal Realty Investment Trust were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loudon Investment Management LLC lifted its position in shares of Federal Realty Investment Trust by 0.7% during the second quarter. Loudon Investment Management LLC now owns 13,106 shares of the real estate investment trust’s stock worth $1,536,000 after purchasing an additional 86 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its position in shares of Federal Realty Investment Trust by 3.8% during the second quarter. San Francisco Sentry Investment Group CA now owns 2,465 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 90 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Federal Realty Investment Trust by 0.8% during the second quarter. Texas Permanent School Fund now owns 11,755 shares of the real estate investment trust’s stock worth $1,377,000 after purchasing an additional 92 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Federal Realty Investment Trust by 2.2% during the second quarter. New Mexico Educational Retirement Board now owns 4,650 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 100 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Federal Realty Investment Trust by 0.7% during the first quarter. HighTower Advisors LLC now owns 14,299 shares of the real estate investment trust’s stock worth $1,453,000 after purchasing an additional 102 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

FRT has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, September 1st. They issued an “overweight” rating and a $133.00 price target for the company. Truist lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, August 30th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $113.00 to $115.00 in a research note on Thursday, May 20th. Scotiabank upgraded shares of Federal Realty Investment Trust from a “sector perform” rating to a “sector outperform” rating and set a $131.00 price target for the company in a research note on Monday, June 28th. Finally, UBS Group initiated coverage on shares of Federal Realty Investment Trust in a research note on Thursday, June 3rd. They issued a “neutral” rating and a $120.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $113.43.

Shares of FRT opened at $119.94 on Wednesday. Federal Realty Investment Trust has a 1 year low of $67.01 and a 1 year high of $125.00. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 60.58, a price-to-earnings-growth ratio of 3.11 and a beta of 1.15. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day moving average of $118.47 and a 200-day moving average of $113.71.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Wednesday, August 4th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.59). Federal Realty Investment Trust had a net margin of 18.33% and a return on equity of 6.77%. The firm had revenue of $230.80 million for the quarter, compared to analyst estimates of $220.64 million. During the same period last year, the firm posted $0.77 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post 5.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Wednesday, September 22nd will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, September 21st. This represents a $4.28 annualized dividend and a yield of 3.57%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.06. Federal Realty Investment Trust’s dividend payout ratio is presently 93.81%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in North Bethesda, MD.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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