Kestra Private Wealth Services LLC Purchases 6,674 Shares of Federal Realty Investment Trust $FRT

Kestra Private Wealth Services LLC raised its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 173.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,523 shares of the real estate investment trust’s stock after purchasing an additional 6,674 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Federal Realty Investment Trust were worth $1,118,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Federal Realty Investment Trust by 20.5% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 114,249 shares of the real estate investment trust’s stock worth $11,575,000 after buying an additional 19,412 shares during the period. Schroder Investment Management Group bought a new stake in Federal Realty Investment Trust during the third quarter valued at about $33,779,000. Jain Global LLC bought a new stake in Federal Realty Investment Trust during the third quarter valued at about $15,046,000. Groupama Asset Managment purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at about $1,777,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Federal Realty Investment Trust by 97.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,120 shares of the real estate investment trust’s stock valued at $3,148,000 after acquiring an additional 15,329 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $123.51 on Wednesday. Federal Realty Investment Trust has a 52 week low of $89.99 and a 52 week high of $126.41. The stock has a market capitalization of $10.67 billion, a P/E ratio of 21.44, a PEG ratio of 2.98 and a beta of 0.94. The firm has a fifty day simple moving average of $118.45 and a two-hundred day simple moving average of $109.41. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 78.47%.

Analyst Ratings Changes

Several analysts recently issued reports on FRT shares. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. Barclays increased their price objective on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Evercore set a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 4th. Finally, Bank of America upped their target price on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have 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 MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.20.

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.