Amundi Boosts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Amundi boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 65.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,664 shares of the real estate investment trust’s stock after purchasing an additional 87,894 shares during the quarter. Amundi owned approximately 0.27% of Federal Realty Investment Trust worth $23,177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 33.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 41,924 shares of the real estate investment trust’s stock valued at $4,693,000 after acquiring an additional 10,498 shares during the last quarter. Inceptionr LLC increased its holdings in shares of Federal Realty Investment Trust by 234.0% in the 4th quarter. Inceptionr LLC now owns 21,317 shares of the real estate investment trust’s stock valued at $2,386,000 after acquiring an additional 14,935 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $17,187,000. Arizona State Retirement System increased its holdings in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Arizona State Retirement System now owns 21,853 shares of the real estate investment trust’s stock valued at $2,446,000 after acquiring an additional 356 shares during the last quarter. Finally, Sound Financial Strategies Group LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $888,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 2.6 %

Shares of FRT stock opened at $94.63 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The stock has a fifty day moving average of $105.77 and a two-hundred day moving average of $110.93. The firm has a market capitalization of $8.11 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.65%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FRT shares. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $114.00 to $105.00 in a report on Thursday. Wells Fargo & Company lowered their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Scotiabank lowered their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Stifel Nicolaus lowered their price objective on 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.77.

Federal Realty Investment Trust 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.