Voya Investment Management LLC Reduces Stake in Federal Realty Investment Trust $FRT

Voya Investment Management LLC lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 23.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,202 shares of the real estate investment trust’s stock after selling 5,160 shares during the period. Voya Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,743,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Realty Investment Trust by 103.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock worth $553,000 after purchasing an additional 2,928 shares during the period. PGGM Investments lifted its stake in Federal Realty Investment Trust by 23.7% in the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after purchasing an additional 238,679 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Federal Realty Investment Trust by 32.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,311 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 1,553 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Federal Realty Investment Trust by 207.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock valued at $38,132,000 after buying an additional 270,835 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Federal Realty Investment Trust by 7.7% during the second quarter. Teacher Retirement System of Texas now owns 12,335 shares of the real estate investment trust’s stock valued at $1,172,000 after buying an additional 886 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $102.33 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.60 and a quick ratio of 1.60. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $113.00. The business has a 50-day moving average price of $98.50 and a 200 day moving average price of $97.35. The company has a market capitalization of $8.83 billion, a P/E ratio of 25.97, a PEG ratio of 3.76 and a beta of 1.00.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The business had revenue of $321.97 million for the quarter, compared to the consensus estimate of $318.73 million. During the same quarter last year, the firm posted $1.71 EPS. The company’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, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio is currently 114.72%.

Analyst Ratings Changes

A number of research firms recently issued reports on FRT. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $107.00 to $114.00 in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, October 7th. Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $101.00 to $115.00 in a research note on Monday, December 15th. LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Evercore ISI reduced their target price on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $109.30.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.