Sei Investments Co. Acquires 50,252 Shares of Federal Realty Investment Trust $FRT

Sei Investments Co. boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,662 shares of the real estate investment trust’s stock after buying an additional 50,252 shares during the period. Sei Investments Co.’s holdings in Federal Realty Investment Trust were worth $42,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Trust Advisors LP grew its holdings in Federal Realty Investment Trust by 693.9% during the 1st quarter. First Trust Advisors LP now owns 382,058 shares of the real estate investment trust’s stock worth $40,578,000 after acquiring an additional 333,931 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at $133,000. Earned Wealth Advisors LLC bought a new position in shares of Federal Realty Investment Trust in the 1st quarter worth $231,000. Dimensional Fund Advisors LP boosted its position in shares of Federal Realty Investment Trust by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust’s stock worth $136,368,000 after purchasing an additional 53,109 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Federal Realty Investment Trust by 45.2% during the first quarter. Parallel Advisors LLC now owns 1,649 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 513 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $126.07 on Monday. The stock’s fifty day simple moving average is $121.97 and its 200 day simple moving average is $112.19. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $10.89 billion, a PE ratio of 21.89, a PEG ratio of 3.00 and a beta of 0.93. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $126.86.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $1.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Analysts Set New Price Targets

A number of research firms recently commented on FRT. Evercore set a $122.00 price objective on Federal Realty Investment Trust in a report on Tuesday, July 7th. Raymond James Financial restated an “outperform” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Bank of America upped their price target on Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wolfe Research started coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.62.

Federal Realty Investment Trust Company 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.