ProShare Advisors LLC Sells 195,763 Shares of Federal Realty Investment Trust $FRT

ProShare Advisors LLC trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,601,239 shares of the real estate investment trust’s stock after selling 195,763 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Realty Investment Trust were worth $161,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FRT. Jones Financial Companies Lllp grew its holdings in Federal Realty Investment Trust by 21.5% during the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 514 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock worth $59,922,000 after acquiring an additional 184,557 shares during the period. Empowered Funds LLC boosted its holdings in shares of Federal Realty Investment Trust by 12.5% in the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 355 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Federal Realty Investment Trust in the second quarter worth $2,895,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust by 18.8% in the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 109 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Trading Up 1.5%

Shares of FRT stock opened at $114.89 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $117.22. The company has a market capitalization of $9.93 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 4.28 and a beta of 0.92. The business’s fifty day moving average is $109.09 and its 200 day moving average is $104.04.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 78.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup raised their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Evercore set a $110.00 price target on Federal Realty Investment Trust in a report on Monday, May 4th. Truist Financial raised their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Stifel Nicolaus raised their price target on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.73.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.