Federal Realty Investment Trust $FRT Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 23.6% in the second quarter, HoldingsChannel reports. The firm owned 763,375 shares of the real estate investment trust’s stock after acquiring an additional 145,853 shares during the quarter. Bank of New York Mellon Corp’s holdings in Federal Realty Investment Trust were worth $72,513,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FRT. Nuveen LLC acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth about $52,017,000. Hsbc Holdings PLC lifted its stake in Federal Realty Investment Trust by 123.9% in the first quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock worth $72,634,000 after acquiring an additional 412,843 shares during the last quarter. Strs Ohio acquired a new position in Federal Realty Investment Trust during the 1st quarter worth approximately $32,181,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Federal Realty Investment Trust by 207.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock valued at $38,132,000 after purchasing an additional 270,835 shares during the last quarter. Finally, PGGM Investments raised its holdings in shares of Federal Realty Investment Trust by 23.7% in the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after purchasing an additional 238,679 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Wells Fargo & Company initiated coverage on Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target for the company. Mizuho increased their price objective on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft set a $105.00 target price on Federal Realty Investment Trust and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.46.

Federal Realty Investment Trust Trading Up 1.5%

FRT opened at $97.32 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The business’s 50 day moving average is $99.06 and its two-hundred day moving average is $96.53. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $322.25 million for the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $1.13 dividend. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.6%. Federal Realty Investment Trust’s payout ratio is currently 114.72%.

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.