Harvest Fund Management Co. Ltd Increases Holdings in Federal Realty Investment Trust (NYSE:FRT)

Harvest Fund Management Co. Ltd increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 166.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,705 shares of the real estate investment trust’s stock after purchasing an additional 1,065 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Federal Realty Investment Trust were worth $191,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust in the 3rd quarter valued at $36,000. Venturi Wealth Management LLC raised its holdings in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at $101,000. Finally, Jackson Grant Investment Advisers Inc. raised its holdings in Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 137 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FRT has been the subject of several research reports. Raymond James lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Stifel Nicolaus decreased their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Mizuho decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.77.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $95.03 on Friday. The firm has a market cap of $8.14 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The firm’s 50-day simple moving average is $104.47 and its 200-day simple moving average is $110.03. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34.

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

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.63%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Federal Realty Investment Trust Company Profile

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.