Rockefeller Capital Management L.P. Buys 57,846 Shares of Federal Realty Investment Trust $FRT

Rockefeller Capital Management L.P. boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 44.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,836 shares of the real estate investment trust’s stock after buying an additional 57,846 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Federal Realty Investment Trust were worth $19,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FRT. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $734,290,000. State Street Corp boosted its holdings in Federal Realty Investment Trust by 1.4% in the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock valued at $675,610,000 after acquiring an additional 90,127 shares during the last quarter. Resolution Capital Ltd boosted its holdings in Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after acquiring an additional 344,189 shares during the last quarter. Invesco Ltd. boosted its holdings in Federal Realty Investment Trust by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after acquiring an additional 72,718 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Federal Realty Investment Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after purchasing an additional 23,214 shares during the period. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FRT shares. Barclays boosted their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Evercore set a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.21.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $123.47 on Wednesday. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $126.41. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The business’s 50 day moving average price is $117.02 and its two-hundred day moving average price is $108.43. The firm has a market cap of $10.67 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.90 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $1.13 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.7%. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.