Legal & General Group Plc Has $72.20 Million Stock Holdings in Federal Realty Investment Trust $FRT

Legal & General Group Plc lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 3.2% in the second quarter, HoldingsChannel reports. The firm owned 760,119 shares of the real estate investment trust’s stock after purchasing an additional 23,490 shares during the period. Legal & General Group Plc’s holdings in Federal Realty Investment Trust were worth $72,204,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wealthspire Advisors LLC raised its holdings in Federal Realty Investment Trust by 5.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 3,112 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 173 shares during the period. TD Asset Management Inc boosted its holdings in shares of Federal Realty Investment Trust by 1.3% in the first quarter. TD Asset Management Inc now owns 13,528 shares of the real estate investment trust’s stock worth $1,323,000 after buying an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Federal Realty Investment Trust by 4.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,183 shares of the real estate investment trust’s stock worth $507,000 after acquiring an additional 197 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of Federal Realty Investment Trust by 0.3% during the second quarter. Yousif Capital Management LLC now owns 82,619 shares of the real estate investment trust’s stock valued at $7,848,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

FRT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Wall Street Zen cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. lifted their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Wells Fargo & Company initiated coverage on Federal Realty Investment Trust in a research report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target on the stock. Finally, Evercore ISI reduced their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Hold” and an average price target of $107.96.

Federal Realty Investment Trust Trading Up 1.3%

NYSE FRT opened at $98.38 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09. The firm’s fifty day simple moving average is $98.19 and its 200-day simple moving average is $96.73. The company has a market capitalization of $8.49 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm had revenue of $321.97 million during the quarter, compared to analysts’ expectations of $318.73 million. During the same quarter last year, the firm earned $1.71 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. Federal Realty Investment Trust’s payout ratio is presently 114.72%.

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.