Geode Capital Management LLC Raises Stock Position in Federal Realty Investment Trust $FRT

Geode Capital Management LLC increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,198,241 shares of the real estate investment trust’s stock after acquiring an additional 23,214 shares during the quarter. Geode Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $221,217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FRT. ProShare Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 5.7% during the third quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock worth $182,054,000 after buying an additional 96,271 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Federal Realty Investment Trust by 2.2% during the third quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock worth $128,750,000 after buying an additional 27,306 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Federal Realty Investment Trust by 16.9% during the third quarter. New York State Common Retirement Fund now owns 70,388 shares of the real estate investment trust’s stock worth $7,131,000 after buying an additional 10,200 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Federal Realty Investment Trust by 20.5% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 114,249 shares of the real estate investment trust’s stock worth $11,575,000 after buying an additional 19,412 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth $1,028,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.4%

Shares of FRT opened at $119.27 on Wednesday. The company has a current ratio of 1.64, a quick 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 firm has a 50-day moving average price of $111.63 and a 200 day moving average price of $105.64. The firm has a market capitalization of $10.30 billion, a P/E ratio of 20.71, a P/E/G ratio of 4.49 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued 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 currently 78.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Friday. Wells Fargo & Company upped their target price on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Evercore set a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 4th. Finally, Truist Financial upped their target price on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. One equities research analyst has 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. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price of $122.79.

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.