Diametric Capital LP Buys New Stake in Federal Realty Investment Trust (NYSE:FRT)

Diametric Capital LP purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,994 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth about $810,544,000. Janus Henderson Group PLC lifted its stake in shares of Federal Realty Investment Trust by 1,463.8% in the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after purchasing an additional 572,008 shares during the period. FMR LLC boosted its holdings in Federal Realty Investment Trust by 667.2% during the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock worth $65,856,000 after buying an additional 498,146 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Federal Realty Investment Trust during the third quarter valued at $26,548,000. Finally, Vanguard Group Inc. increased its holdings in Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after buying an additional 218,671 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price target 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, March 26th. Mizuho cut their price objective on 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. Stifel Nicolaus decreased their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, 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 on the stock in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $99.16 on Thursday. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34. The stock has a market cap of $8.50 billion, a PE ratio of 28.91, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50 day moving average price of $103.33 and a 200 day moving average price of $108.99.

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, hitting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate 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 expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.44%. 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.