Kayne Anderson Rudnick Investment Management LLC Increases Stake in Federal Realty Investment Trust (NYSE:FRT)

Kayne Anderson Rudnick Investment Management LLC increased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 21.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,520 shares of the real estate investment trust’s stock after acquiring an additional 3,104 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,961,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank purchased a new position in Federal Realty Investment Trust in the 4th quarter worth approximately $810,544,000. JPMorgan Chase & Co. lifted its position in Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust’s stock valued at $227,457,000 after purchasing an additional 77,783 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $93.56 on Wednesday. The business has a fifty day simple moving average of $97.33 and a two-hundred day simple moving average of $106.39. The firm has a market capitalization of $8.03 billion, a P/E ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 1.08. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. On average, equities analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Raymond James dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Mizuho cut their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Scotiabank lowered their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Finally, Truist Financial lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.55.

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.