Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 905,884 shares of the real estate investment trust’s stock after purchasing an additional 38,227 shares during the period. Wells Fargo & Company MN owned approximately 1.09% of Federal Realty Investment Trust worth $101,414,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of Federal Realty Investment Trust by 244.9% during the 4th 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 position 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 acquiring an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Federal Realty Investment Trust by 592.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 592 shares during the period. Headlands Technologies LLC acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at $91,000. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth $101,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $86.75 on Tuesday. The stock has a market capitalization of $7.44 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 12-month low of $84.56 and a 12-month high of $118.34. 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 firm’s 50-day moving average is $102.26 and its two-hundred day moving average is $108.39.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million for 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%. Equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 5.07%. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Wall Street Analyst Weigh In

FRT has been the subject of several recent analyst reports. Raymond James reduced their price objective 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. Wells Fargo & Company decreased their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Citigroup reiterated a “neutral” rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Finally, Mizuho lowered their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

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.