133,135 Shares in Federal Realty Investment Trust (NYSE:FRT) Purchased by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRTGet Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 133,135 shares of the real estate investment trust’s stock, valued at approximately $16,252,000. Qube Research & Technologies Ltd owned about 0.17% of Federal Realty Investment Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Federal Realty Investment Trust by 5.2% during the fourth quarter. BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock worth $1,030,577,000 after acquiring an additional 372,411 shares during the last quarter. State Street Corp boosted its holdings in Federal Realty Investment Trust by 3.2% in the 4th quarter. State Street Corp now owns 7,465,605 shares of the real estate investment trust’s stock valued at $1,025,565,000 after purchasing an additional 232,958 shares during the last quarter. Norges Bank acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at about $983,225,000. Geode Capital Management LLC boosted its holdings in Federal Realty Investment Trust by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,477,819 shares of the real estate investment trust’s stock valued at $201,185,000 after purchasing an additional 14,201 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Federal Realty Investment Trust by 0.9% in the 4th quarter. ProShare Advisors LLC now owns 1,244,546 shares of the real estate investment trust’s stock valued at $169,657,000 after purchasing an additional 11,116 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Federal Realty Investment Trust

In related news, Director David W. Faeder bought 10,565 shares of the stock in a transaction dated Tuesday, June 21st. The stock was acquired at an average price of $95.84 per share, for a total transaction of $1,012,549.60. Following the acquisition, the director now owns 23,878 shares in the company, valued at approximately $2,288,467.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.7 %

Shares of NYSE:FRT opened at $105.75 on Friday. Federal Realty Investment Trust has a 52 week low of $92.02 and a 52 week high of $140.51. The company’s 50 day moving average is $101.50 and its two-hundred day moving average is $113.18. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 1.51. The company has a market cap of $8.40 billion, a PE ratio of 30.56, a P/E/G ratio of 2.94 and a beta of 1.13.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). Federal Realty Investment Trust had a net margin of 27.46% and a return on equity of 11.05%. The firm had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $249.13 million. During the same period in the prior year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts predict that Federal Realty Investment Trust will post 6.02 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be given a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.09%. Federal Realty Investment Trust’s dividend payout ratio is currently 123.70%.

Analysts Set New Price Targets

Several research firms have weighed in on FRT. Truist Financial decreased their target price on shares of Federal Realty Investment Trust from $128.00 to $125.00 in a report on Friday, June 3rd. Jefferies Financial Group decreased their target price on shares of Federal Realty Investment Trust from $133.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Mizuho reduced their price target on shares of Federal Realty Investment Trust from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. Piper Sandler reduced their price target on shares of Federal Realty Investment Trust to $120.00 in a research note on Monday, July 4th. Finally, Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a research note on Thursday, May 12th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

About Federal Realty Investment Trust

(Get Rating)

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.

Further Reading

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

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