Nordea Investment Management AB Boosts Stake in Federal Realty Investment Trust $FRT

Nordea Investment Management AB increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.3% in the second quarter, HoldingsChannel.com reports. The firm owned 157,570 shares of the real estate investment trust’s stock after buying an additional 467 shares during the period. Nordea Investment Management AB’s holdings in Federal Realty Investment Trust were worth $14,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRT. Hilltop National Bank purchased a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $28,000. GKV Capital Management Co. Inc. purchased a new position in Federal Realty Investment Trust in the 1st quarter valued at approximately $30,000. Federated Hermes Inc. boosted its position in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 200 shares during the period. Dagco Inc. purchased a new position in Federal Realty Investment Trust in the 1st quarter valued at approximately $34,000. Finally, Frazier Financial Advisors LLC purchased a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $99.03 on Monday. The firm’s fifty day simple moving average is $98.62 and its 200-day simple moving average is $95.70. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.09. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.91 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. During the same period last year, the business earned $1.69 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were paid a dividend of $1.13 per share. The ex-dividend date was Wednesday, October 1st. This represents a $4.52 annualized dividend and a yield of 4.6%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 114.43%.

Analysts Set New Price Targets

Several equities analysts have commented on FRT shares. Barclays raised their price target on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Evercore ISI reduced their price objective on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating on the stock in a report on Friday. Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.50.

About Federal Realty Investment Trust

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.