KLP Kapitalforvaltning AS Acquires New Stake in Federal Realty Investment Trust (NYSE:FRT)

KLP Kapitalforvaltning AS bought a new position in Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,500 shares of the real estate investment trust’s stock, valued at approximately $1,735,000.

Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Vert Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after buying an additional 3,617 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after purchasing an additional 7,501 shares during the last quarter. Blue Trust Inc. raised its position in Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 175 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Federal Realty Investment Trust by 45.3% during the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 1,012 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FRT has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered 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 report on Friday, March 7th. Finally, Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.62.

Federal Realty Investment Trust Price Performance

FRT stock opened at $96.80 on Friday. The business has a 50 day moving average price of $103.78 and a 200 day moving average price of $109.43. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed 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 4.55%. Federal Realty Investment Trust’s dividend payout ratio is currently 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.