Federal Realty Investment Trust $FRT Shares Purchased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 29.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 358,931 shares of the real estate investment trust’s stock after purchasing an additional 81,488 shares during the period. Federal Realty Investment Trust makes up about 1.4% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 26th largest holding. Lasalle Investment Management Securities LLC’s holdings in Federal Realty Investment Trust were worth $36,180,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust in the fourth quarter worth approximately $25,000. Turning Point Benefit Group Inc. lifted its position in Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 241 shares during the period. True Wealth Design LLC lifted its position in Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 126 shares during the period. Private Trust Co. NA lifted its position in Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $35,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $119.51 on Monday. The company’s fifty day moving average is $111.38 and its two-hundred day moving average is $105.50. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $121.84. The company has a market cap of $10.32 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 4.52 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America increased their price objective on Federal Realty Investment Trust from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. Citigroup increased their price objective on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus increased their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

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.