BNP Paribas Financial Markets Makes New $19.87 Million Investment in Federal Realty Investment Trust (NYSE:FRT)

BNP Paribas Financial Markets purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 177,483 shares of the real estate investment trust’s stock, valued at approximately $19,869,000. BNP Paribas Financial Markets owned 0.21% of Federal Realty Investment Trust as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at about $51,000. Venturi Wealth Management LLC lifted its holdings 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 valued at $53,000 after purchasing an additional 333 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares during the period. Brown Brothers Harriman & Co. increased its stake in Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 592 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $91,000. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FRT. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Raymond James dropped their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus reduced 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 report on Friday, February 14th. Finally, Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $116.00.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $93.57 on Friday. The company has a market cap of $8.03 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The firm has a 50-day moving average of $94.73 and a 200-day moving average of $104.87. Federal Realty Investment Trust has a one year low of $80.65 and a one year 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.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same quarter in the previous year, the business earned $1.64 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.70%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

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.