Mitsubishi UFJ Asset Management Co. Ltd. Has $17.35 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,220 shares of the real estate investment trust’s stock after purchasing an additional 1,049 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of Federal Realty Investment Trust worth $17,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FRT. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after buying an additional 168,885 shares during the last quarter. Vert Asset Management LLC increased its holdings in shares of Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after acquiring an additional 3,617 shares during the last quarter. Principal Financial Group Inc. raised its stake in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after acquiring an additional 7,501 shares during the period. Blue Trust Inc. lifted its holdings in Federal Realty Investment Trust by 14.5% during the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 175 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Federal Realty Investment Trust by 45.3% during the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 1,012 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Up 0.0 %

NYSE FRT opened at $96.80 on Monday. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The business has a fifty day moving average price of $103.78 and a two-hundred day moving average price of $109.38. 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 stock has a market capitalization of $8.29 billion, a PE ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data 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 return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is 128.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of 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. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Citigroup reaffirmed a “neutral” rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday. Stifel Nicolaus reduced their price target 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. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $116.62.

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.