MQS Management LLC Makes New Investment in Federal Realty Investment Trust $FRT

MQS Management LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 5,734 shares of the real estate investment trust’s stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FRT. Danske Bank A S boosted its holdings in Federal Realty Investment Trust by 16.7% in the 4th quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its stake 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 last quarter. Kestra Private Wealth Services LLC raised 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 valued at $388,000 after purchasing an additional 103 shares during the period. Equitable Holdings Inc. lifted its stake in shares of Federal Realty Investment Trust by 3.5% in the 3rd quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 18.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 109 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $123.51 on Wednesday. The firm has a 50 day moving average of $118.45 and a two-hundred day moving average of $109.41. The stock has a market capitalization of $10.67 billion, a PE ratio of 21.44, a P/E/G ratio of 2.98 and a beta of 0.94. 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 has a 52 week low of $89.99 and a 52 week high of $126.41.

Federal Realty Investment Trust Announces Dividend

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 paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 78.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Friday, May 29th. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. Mizuho set a $130.00 target price on Federal Realty Investment Trust and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Citigroup upped their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.20.

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.