Dynamic Technology Lab Private Ltd purchased a new position in Federal Realty Investment Trust (NYSE:FRT – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,981 shares of the real estate investment trust’s stock, valued at approximately $410,000.
Other hedge funds have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $28,000. Parkside Financial Bank & Trust lifted its stake in Federal Realty Investment Trust by 57.7% in the third quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 154 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Federal Realty Investment Trust by 20.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 97 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $72,000. Finally, Signaturefd LLC lifted its stake in Federal Realty Investment Trust by 25.2% in the fourth quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 169 shares during the last quarter. 93.86% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently commented on FRT. Bank of America upped their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial lowered their price objective on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Evercore ISI lowered their price objective on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Mizuho upped their price objective on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Scotiabank upped their price objective on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $113.70.
Check Out Our Latest Research Report on FRT
Federal Realty Investment Trust Price Performance
Shares of NYSE FRT opened at $98.06 on Friday. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The company’s 50-day moving average is $101.07 and its 200 day moving average is $100.35. The stock has a market capitalization of $8.13 billion, a P/E ratio of 34.90, a P/E/G ratio of 1.97 and a beta of 1.20.
Federal Realty Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.
About Federal Realty Investment Trust
(Free Report)
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
Further Reading
Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT – Free Report).
Receive News & Ratings for Federal Realty Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Federal Realty Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.