Federal Realty Investment Trust $FRT Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,179 shares of the real estate investment trust’s stock after selling 18,070 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Federal Realty Investment Trust were worth $9,695,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth about $25,000. Turning Point Benefit Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 241 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 126 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth about $35,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FRT. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised 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. Barclays raised their price objective on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Scotiabank raised their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Truist Financial raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.40.

Federal Realty Investment Trust Price Performance

FRT opened at $118.53 on Friday. The company’s 50 day simple moving average is $109.66 and its 200 day simple moving average is $104.49. 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 1 year low of $89.99 and a 1 year high of $118.74. The stock has a market capitalization of $10.24 billion, a PE ratio of 20.58, a P/E/G ratio of 4.39 and a beta of 0.92.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 78.47%.

Federal Realty Investment Trust 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.