GF Fund Management CO. LTD. Acquires New Position in Federal Realty Investment Trust (NYSE:FRT)

GF Fund Management CO. LTD. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,368 shares of the real estate investment trust’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FRT. Kapitalo Investimentos Ltda purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $51,000. Venturi Wealth Management LLC lifted its holdings in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 592 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $92.57 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The business’s fifty day moving average price is $94.17 and its two-hundred day moving average price is $103.58. The stock has a market cap of $7.94 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter last year, the company earned $1.64 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.75%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 126.07%.

Analysts Set New Price Targets

FRT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Truist Financial lowered 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. JPMorgan Chase & Co. lowered their price target on Federal Realty Investment Trust from $114.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday. Piper Sandler dropped their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus decreased their target price on 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.64.

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.