Parkside Financial Bank & Trust Has $26,000 Stake in Federal Realty Investment Trust (NYSE:FRT)

Parkside Financial Bank & Trust reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 40.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251 shares of the real estate investment trust’s stock after selling 170 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Federal Realty Investment Trust were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FRT. Signaturefd LLC raised its position in Federal Realty Investment Trust by 25.2% during the fourth quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 169 shares in the last quarter. abrdn plc raised its holdings in shares of Federal Realty Investment Trust by 35.6% in the 4th quarter. abrdn plc now owns 48,015 shares of the real estate investment trust’s stock valued at $4,948,000 after purchasing an additional 12,600 shares during the period. Lafayette Investments Inc. acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $222,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Federal Realty Investment Trust by 20.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 97 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Federal Realty Investment Trust by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,309 shares of the real estate investment trust’s stock worth $4,154,000 after buying an additional 907 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.4 %

Shares of FRT opened at $102.19 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. The stock has a market cap of $8.48 billion, a PE ratio of 36.50, a P/E/G ratio of 1.94 and a beta of 1.21. The business’s 50-day moving average price is $100.30 and its 200-day moving average price is $98.66. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, equities analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were issued a $1.09 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Truist Financial restated a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $110.00 to $112.00 in a research note on Thursday, February 29th. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Bank of America increased their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $112.70.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.