AssuredPartners Investment Advisors LLC Makes New Investment in Federal Realty Investment Trust (NYSE:FRT)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,563 shares of the real estate investment trust’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UniSuper Management Pty Ltd increased its stake in Federal Realty Investment Trust by 8.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 37,860 shares of the real estate investment trust’s stock valued at $4,238,000 after purchasing an additional 3,063 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Federal Realty Investment Trust by 0.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,220 shares of the real estate investment trust’s stock valued at $17,346,000 after buying an additional 1,049 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Federal Realty Investment Trust by 15.5% in the 4th quarter. EntryPoint Capital LLC now owns 2,561 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 343 shares during the period. Vanguard Group Inc. raised its stake in Federal Realty Investment Trust by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after acquiring an additional 218,671 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock worth $9,324,000 after acquiring an additional 12,387 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FRT has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Mizuho decreased their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Finally, StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $118.85.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $96.86 on Friday. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.20 and a beta of 1.27. The stock has a 50-day moving average of $103.95 and a 200 day moving average of $109.57. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a twelve month low of $94.58 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.54%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.