SlateStone Wealth LLC Raises Stake in Federal Realty Investment Trust (NYSE:FRT)

SlateStone Wealth LLC raised its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,995 shares of the real estate investment trust’s stock after purchasing an additional 200 shares during the quarter. SlateStone Wealth LLC’s holdings in Federal Realty Investment Trust were worth $671,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. GWN Securities Inc. purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at approximately $248,000. Corient Private Wealth LLC raised its position in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Corient Private Wealth LLC now owns 4,855 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 530 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Federal Realty Investment Trust by 4.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,192 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 257 shares during the last quarter. Swiss National Bank raised its position in shares of Federal Realty Investment Trust by 1.6% during the fourth quarter. Swiss National Bank now owns 148,100 shares of the real estate investment trust’s stock valued at $16,580,000 after buying an additional 2,300 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of Federal Realty Investment Trust by 3.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 22,462 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 648 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FRT shares. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Scotiabank reduced their price objective on shares of 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. Stifel Nicolaus reduced their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $114.00 to $105.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.77.

Federal Realty Investment Trust Trading Up 1.5 %

FRT stock opened at $96.13 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a twelve month low of $94.58 and a twelve month high of $118.34. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The firm’s fifty day simple moving average is $105.21 and its two-hundred day simple moving average is $110.62.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 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.