GAMMA Investing LLC Buys Shares of 1,707 Federal Realty Investment Trust (NYSE:FRT)

GAMMA Investing LLC bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the fourth quarter, HoldingsChannel reports. The fund bought 1,707 shares of the real estate investment trust’s stock, valued at approximately $174,000.

A number of other large investors have also recently bought and sold shares of FRT. CWM LLC grew its holdings in Federal Realty Investment Trust by 15.0% during the 3rd quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 137 shares during the last quarter. Oak Thistle LLC acquired a new stake in Federal Realty Investment Trust during the 3rd quarter valued at $702,000. Czech National Bank grew its holdings in Federal Realty Investment Trust by 47.7% during the 3rd quarter. Czech National Bank now owns 12,823 shares of the real estate investment trust’s stock valued at $1,162,000 after buying an additional 4,139 shares during the last quarter. Xponance Inc. grew its holdings in Federal Realty Investment Trust by 2.4% during the 3rd quarter. Xponance Inc. now owns 11,323 shares of the real estate investment trust’s stock valued at $1,026,000 after buying an additional 260 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Federal Realty Investment Trust by 5.5% during the 3rd quarter. Raymond James & Associates now owns 132,153 shares of the real estate investment trust’s stock valued at $11,977,000 after buying an additional 6,909 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 current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $8.48 billion, a P/E ratio of 36.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The stock’s fifty day simple moving average is $100.27 and its 200 day simple moving average is $98.49. 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 earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. On average, equities research analysts forecast that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

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

Analysts Set New Price Targets

FRT has been the topic of a number of analyst reports. Bank of America increased their target price 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. Truist Financial reissued a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Wells Fargo & Company raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Finally, Mizuho reduced their price target on 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $112.70.

Federal Realty Investment Trust Company 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.