Resolution Capital Ltd Purchases 340,524 Shares of Federal Realty Investment Trust $FRT

Resolution Capital Ltd grew its position in Federal Realty Investment Trust (NYSE:FRT) by 10.3% during the first quarter, HoldingsChannel reports. The firm owned 3,644,575 shares of the real estate investment trust’s stock after buying an additional 340,524 shares during the period. Federal Realty Investment Trust comprises approximately 8.1% of Resolution Capital Ltd’s portfolio, making the stock its 3rd largest holding. Resolution Capital Ltd’s holdings in Federal Realty Investment Trust were worth $387,090,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Federal Realty Investment Trust by 1.5% in the first quarter. The Manufacturers Life Insurance Company now owns 64,309 shares of the real estate investment trust’s stock valued at $6,830,000 after buying an additional 959 shares during the period. Quantinno Capital Management LP grew its holdings in Federal Realty Investment Trust by 106.7% during the 1st quarter. Quantinno Capital Management LP now owns 348,135 shares of the real estate investment trust’s stock worth $36,976,000 after acquiring an additional 179,721 shares during the period. Waverly Advisors LLC grew its holdings in Federal Realty Investment Trust by 22.3% during the 1st quarter. Waverly Advisors LLC now owns 3,367 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 613 shares during the period. Entropy Technologies LP grew its holdings in Federal Realty Investment Trust by 449.0% during the 1st quarter. Entropy Technologies LP now owns 23,129 shares of the real estate investment trust’s stock worth $2,457,000 after acquiring an additional 18,916 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Federal Realty Investment Trust by 661.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 44,932 shares of the real estate investment trust’s stock worth $4,772,000 after acquiring an additional 39,029 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

FRT has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Piper Sandler lifted their target price on Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, May 29th. Barclays increased their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Finally, Citigroup lifted their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $127.62.

Federal Realty Investment Trust Trading Down 0.7%

Shares of Federal Realty Investment Trust stock opened at $126.22 on Wednesday. The stock has a fifty day simple moving average of $122.44 and a 200 day simple moving average of $112.54. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $128.21. The company has a market capitalization of $10.90 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio 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.