National Bank of Canada FI Grows Holdings in Federal Realty Investment Trust (NYSE:FRT)

National Bank of Canada FI grew its stake in Federal Realty Investment Trust (NYSE:FRT) by 2,082.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,109 shares of the real estate investment trust’s stock after purchasing an additional 35,409 shares during the quarter. National Bank of Canada FI’s holdings in Federal Realty Investment Trust were worth $4,155,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 110 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares in the last quarter. Park Avenue Securities LLC increased its stake in Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 125 shares during the period. Keybank National Association OH increased its stake in Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 128 shares during the period. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in shares of Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 137 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FRT shares. Mizuho cut their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Scotiabank cut their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Truist Financial lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, Wells Fargo & Company cut their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.00.

Federal Realty Investment Trust Trading Down 2.6 %

Federal Realty Investment Trust stock opened at $86.75 on Tuesday. Federal Realty Investment Trust has a 12 month low of $84.56 and a 12 month high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a market cap of $7.44 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.20 and a beta of 1.08. The company’s fifty day simple moving average is $102.26 and its 200-day simple moving average is $108.39.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is 128.28%.

Federal Realty Investment Trust Company Profile

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.