RWC Asset Management LLP Sells 6,781 Shares of Federal Realty Investment Trust $FRT

RWC Asset Management LLP cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,234 shares of the real estate investment trust’s stock after selling 6,781 shares during the period. RWC Asset Management LLP owned approximately 0.21% of Federal Realty Investment Trust worth $17,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $734,290,000. AQR Capital Management LLC raised its position 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 acquiring an additional 646,036 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Federal Realty Investment Trust by 453.1% during 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 worth $59,539,000 after acquiring an additional 481,427 shares during the last quarter. Resolution Capital Ltd boosted its stake in Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after acquiring an additional 344,189 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in Federal Realty Investment Trust during the third quarter valued at approximately $33,779,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $122.71 on Monday. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.92 and a beta of 0.94. The business has a 50-day moving average of $113.00 and a 200-day moving average of $106.30. 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 has a fifty-two week low of $89.99 and a fifty-two week high of $123.59.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared 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. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 78.47%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank upped their target price 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. UBS Group set a $130.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, June 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 research note on Thursday, May 14th. Citigroup lifted their target price 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, Evercore set a $110.00 price target on Federal Realty Investment Trust in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.21.

About Federal Realty Investment Trust

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.