4,603 Shares in Federal Realty Investment Trust $FRT Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, Holdings Channel reports. The fund bought 4,603 shares of the real estate investment trust’s stock, valued at approximately $489,000.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth about $25,000. Turning Point Benefit Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 1,853.8% in the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 241 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Federal Realty Investment Trust by 88.7% in the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 126 shares in the last quarter. Private Trust Co. NA grew its holdings 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 period. Finally, Advisory Services Network LLC purchased a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $122.23 on Wednesday. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month 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. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The firm’s fifty day moving average price is $120.36 and its 200 day moving average price is $110.84.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend 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%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group increased their target price on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. Wolfe Research initiated coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $143.00 price objective for the company. Finally, Raymond James Financial reissued an “outperform” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, ten 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 target price of $125.94.

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.