Global X Japan Co. Ltd. Increases Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Global X Japan Co. Ltd. increased its position in Federal Realty Investment Trust (NYSE:FRT) by 24.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,683 shares of the real estate investment trust’s stock after acquiring an additional 1,117 shares during the period. Global X Japan Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $556,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after purchasing an additional 218,671 shares during the last quarter. Norges Bank purchased a new position in Federal Realty Investment Trust in the 4th quarter worth about $810,544,000. Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after buying an additional 389,266 shares during the last quarter. Invesco Ltd. raised its position in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after buying an additional 893,258 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Federal Realty Investment Trust by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust’s stock worth $227,457,000 after buying an additional 77,783 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on FRT. UBS Group decreased their price objective on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday. Raymond James Financial decreased their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Citigroup reiterated a “neutral” rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Finally, Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.54.

Federal Realty Investment Trust Trading Up 0.4%

NYSE:FRT opened at $95.60 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 4.14 and a beta of 1.11. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The business has a fifty day moving average price of $94.82 and a 200-day moving average price of $101.35.

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, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. Federal Realty Investment Trust’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is 126.07%.

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.