Alyeska Investment Group L.P. Purchases Shares of 363,026 Federal Realty Investment Trust (NYSE:FRT)

Alyeska Investment Group L.P. purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 363,026 shares of the real estate investment trust’s stock, valued at approximately $40,641,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $51,000. Venturi Wealth Management LLC boosted its holdings in Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Federal Realty Investment Trust by 25.0% in the 4th 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 during the period. Brown Brothers Harriman & Co. increased its position in Federal Realty Investment Trust by 592.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 592 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at approximately $91,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Scotiabank decreased their price objective on Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 23rd. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Citigroup reaffirmed a “neutral” rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Mizuho lowered their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Finally, Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Federal Realty Investment Trust Stock Up 1.3 %

Federal Realty Investment Trust stock opened at $96.52 on Friday. The stock has a 50-day simple moving average of $95.72 and a 200-day simple moving average of $105.48. The company has a market capitalization of $8.28 billion, a P/E ratio of 28.14, a PEG ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Equities research analysts expect 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 was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.56%. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

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.