Federal Realty Investment Trust $FRT Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in Federal Realty Investment Trust (NYSE:FRT) by 416.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,103 shares of the real estate investment trust’s stock after purchasing an additional 25,079 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Federal Realty Investment Trust were worth $3,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Pinnacle Associates Ltd. acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $226,000. Allworth Financial LP increased its holdings in shares of Federal Realty Investment Trust by 23.0% in the fourth quarter. Allworth Financial LP now owns 3,742 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 700 shares during the period. Independent Advisor Alliance increased its holdings in shares of Federal Realty Investment Trust by 21.6% in the fourth quarter. Independent Advisor Alliance now owns 7,483 shares of the real estate investment trust’s stock valued at $754,000 after purchasing an additional 1,329 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Federal Realty Investment Trust by 24.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 34,800 shares of the real estate investment trust’s stock valued at $3,508,000 after purchasing an additional 6,800 shares during the period. Finally, Blackhawk Capital Partners LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $1,513,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of recent research reports. Truist Financial boosted their target price on Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Wells Fargo & Company boosted their target price on Federal Realty Investment Trust from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Piper Sandler upped their price objective on Federal Realty Investment Trust from $115.00 to $127.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Citigroup upped their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.23.

Federal Realty Investment Trust Trading Up 0.1%

Shares of FRT stock opened at $119.83 on Tuesday. The business’s fifty day moving average price is $110.21 and its 200 day moving average price is $104.82. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $120.20. The firm has a market capitalization of $10.35 billion, a PE ratio of 20.80, a P/E/G ratio of 4.53 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64.

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 issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

Federal Realty Investment Trust Company Profile

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.