Vanguard Group Inc. Acquires 218,671 Shares of Federal Realty Investment Trust (NYSE:FRT)

Vanguard Group Inc. raised its holdings in Federal Realty Investment Trust (NYSE:FRT) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,041,061 shares of the real estate investment trust’s stock after acquiring an additional 218,671 shares during the period. Vanguard Group Inc. owned about 15.72% of Federal Realty Investment Trust worth $1,459,947,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FRT. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at approximately $36,000. Venturi Wealth Management LLC boosted its position in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 111 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $101,000. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in shares of 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. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 0.7 %

Shares of NYSE:FRT opened at $96.86 on Friday. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The business’s 50-day moving average is $103.95 and its 200-day moving average is $109.57. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 2.20 and a beta of 1.27.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently announced 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. This represents a $4.40 annualized dividend and a yield of 4.54%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FRT shares. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company lowered 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. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Raymond James decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Finally, Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $118.85.

Federal Realty Investment Trust 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.