Federal Realty Investment Trust $FRT Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 35,713 shares of the real estate investment trust’s stock, valued at approximately $3,867,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BOKF NA lifted its stake in shares of Federal Realty Investment Trust by 1.2% during the 3rd quarter. BOKF NA now owns 17,424 shares of the real estate investment trust’s stock valued at $1,887,000 after buying an additional 204 shares in the last quarter. North Dakota State Investment Board grew its position in shares of Federal Realty Investment Trust by 3.7% in the third quarter. North Dakota State Investment Board now owns 2,623 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 93 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Federal Realty Investment Trust by 8.8% in the third quarter. Asset Management One Co. Ltd. now owns 134,729 shares of the real estate investment trust’s stock valued at $14,590,000 after purchasing an additional 10,858 shares in the last quarter. Pflug Koory LLC raised its stake in shares of Federal Realty Investment Trust by 122.9% during the 3rd quarter. Pflug Koory LLC now owns 1,059 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 584 shares during the period. Finally, Sigma Planning Corp raised its stake in shares of Federal Realty Investment Trust by 1.9% during the 3rd quarter. Sigma Planning Corp now owns 15,077 shares of the real estate investment trust’s stock valued at $1,633,000 after purchasing an additional 283 shares during the period. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

FRT has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. UBS Group decreased their price target on Federal Realty Investment Trust from $127.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Truist Financial began coverage on shares of Federal Realty Investment Trust in a research report on Thursday, October 1st. They issued a “hold” rating and a $116.00 price objective for the company. Finally, Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $0.52 during trading on Friday, reaching $112.72. The company’s stock had a trading volume of 834,766 shares, compared to its average volume of 994,474. The stock has a market capitalization of $9.70 billion, a PE ratio of 22.54, a P/E/G ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.53 and a quick ratio of 1.70. The firm has a fifty day moving average of $110.52 and a 200 day moving average of $113.18. Federal Realty Investment Trust has a one year low of $95.14 and a one year high of $128.21.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The business had revenue of $339.02 million for the quarter, compared to the consensus estimate of $336.57 million. During the same quarter last year, the business posted $1.77 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that Federal Realty Investment Trust will post 7.56 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust’s payout ratio is currently 92.80%.

Insider Activity at Federal Realty Investment Trust

In other news, Director Nicole Lamb-Hale sold 1,500 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the transaction, the director owned 4,613 shares of the company’s stock, valued at $502,309.57. This represents a 24.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.