Nissay Asset Management Corp Japan ADV Acquires 419 Shares of Federal Realty Investment Trust (NYSE:FRT)

Nissay Asset Management Corp Japan ADV increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.0% during the fourth quarter, Holdings Channel reports. The fund owned 10,777 shares of the real estate investment trust’s stock after purchasing an additional 419 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Federal Realty Investment Trust were worth $1,201,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares during the last quarter. LPL Financial LLC grew its position in Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock worth $9,324,000 after acquiring an additional 12,387 shares during the last quarter. Vert Asset Management LLC grew its position in 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. grew its position in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Finally, Blue Trust Inc. grew its position 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 worth $159,000 after acquiring an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $97.94 on Monday. The business’s fifty day moving average is $94.34 and its 200-day moving average is $104.19. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.40 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 126.07%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Mizuho reduced their price objective 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. Scotiabank reduced their price objective on Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 23rd. Raymond James reduced their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Stifel Nicolaus reduced their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $116.00.

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.