New York Life Investment Management LLC Buys 270 Shares of Federal Realty Investment Trust $FRT

New York Life Investment Management LLC raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,589 shares of the real estate investment trust’s stock after acquiring an additional 270 shares during the quarter. New York Life Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,766,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Federal Realty Investment Trust by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust’s stock valued at $15,205,000 after acquiring an additional 917 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Federal Realty Investment Trust by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock valued at $697,000 after acquiring an additional 674 shares during the period. KBC Group NV raised its holdings in Federal Realty Investment Trust by 5.6% in the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 151 shares during the period. Amalgamated Bank raised its holdings in Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock valued at $1,495,000 after acquiring an additional 146 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Federal Realty Investment Trust by 103.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 2,928 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $96.31 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.78 and a beta of 1.15. The firm’s 50 day simple moving average is $99.41 and its 200 day simple moving average is $96.38. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. The business had revenue of $322.25 million for the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Friday, January 2nd. This represents a $4.52 annualized dividend and a dividend yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.43%.

Analyst Ratings Changes

FRT has been the topic of a number of analyst reports. Mizuho increased their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating on the stock in a research report on Friday, October 17th. LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.54.

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.