Xcel Wealth Management LLC Cuts Holdings in Federal Realty Investment Trust $FRT

Xcel Wealth Management LLC trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 20.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 24,951 shares of the real estate investment trust’s stock after selling 6,604 shares during the period. Xcel Wealth Management LLC’s holdings in Federal Realty Investment Trust were worth $2,650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S grew its holdings in shares of Federal Realty Investment Trust by 16.7% in the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Federal Realty Investment Trust by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock worth $368,000 after acquiring an additional 100 shares during the period. Kestra Private Wealth Services LLC boosted its position in Federal Realty Investment Trust by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 103 shares during the last quarter. Equitable Holdings Inc. boosted its position in Federal Realty Investment Trust by 3.5% in the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 4th. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. increased their target price on shares of 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. Truist Financial raised their price target on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. Finally, Citigroup boosted their price target on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.21.

Federal Realty Investment Trust Price Performance

FRT stock opened at $124.37 on Friday. The firm has a 50 day simple moving average of $117.61 and a two-hundred day simple moving average of $108.81. The stock has a market cap of $10.74 billion, a PE ratio of 21.59, a P/E/G ratio of 2.97 and a beta of 0.94. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.41. 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 announced 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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) 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.