Creative Financial Designs Inc. ADV Buys 502 Shares of Federal Realty Investment Trust (NYSE:FRT)

Creative Financial Designs Inc. ADV lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 8.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,506 shares of the real estate investment trust’s stock after acquiring an additional 502 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Federal Realty Investment Trust were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FRT. Norges Bank bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $810,544,000. Centersquare Investment Management LLC raised its stake in shares of Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after acquiring an additional 941,414 shares in the last quarter. Invesco Ltd. increased 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 period. Northern Trust Corp increased its position in Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock worth $138,231,000 after buying an additional 522,531 shares during the period. Finally, Resolution Capital Ltd increased 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 period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $94.65 on Friday. The business’s fifty day moving average price is $95.30 and its two-hundred day moving average price is $100.46. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 4.12 and a beta of 1.11. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The firm had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. As a group, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 126.07%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FRT. Raymond James Financial dropped their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. JPMorgan Chase & Co. downgraded Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research report on Monday, June 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Finally, Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.54.

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.