Thrivent Financial for Lutherans Decreases Stake in Federal Realty Investment Trust $FRT

Thrivent Financial for Lutherans lessened its stake in Federal Realty Investment Trust (NYSE:FRT) by 17.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,888 shares of the real estate investment trust’s stock after selling 4,989 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Federal Realty Investment Trust were worth $2,281,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FRT. AQR Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust by 330.5% in the 3rd quarter. AQR Capital Management LLC now owns 841,483 shares of the real estate investment trust’s stock valued at $84,434,000 after buying an additional 646,036 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Federal Realty Investment Trust by 453.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock valued at $59,539,000 after buying an additional 481,427 shares during the period. Resolution Capital Ltd boosted its stake in shares of Federal Realty Investment Trust by 11.8% in the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after buying an additional 344,189 shares during the period. Schroder Investment Management Group purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $33,779,000. Finally, Marshall Wace LLP boosted its stake in shares of Federal Realty Investment Trust by 129.2% in the 3rd quarter. Marshall Wace LLP now owns 412,744 shares of the real estate investment trust’s stock valued at $41,815,000 after buying an additional 232,635 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock opened at $119.83 on Tuesday. The business has a 50 day moving average price of $110.21 and a 200 day moving average price of $104.82. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.53 and a beta of 0.92. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $120.20. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Analysts Set New Price Targets

FRT has been the subject of several recent analyst reports. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Scotiabank boosted their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Stifel Nicolaus boosted their target price on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Barclays boosted their target price on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.23.

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.