Federal Realty Investment Trust $FRT Stock Position Lifted by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 358,931 shares of the real estate investment trust’s stock after buying an additional 81,488 shares during the period. Federal Realty Investment Trust comprises 1.4% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 26th largest position. Lasalle Investment Management Securities LLC owned 0.42% of Federal Realty Investment Trust worth $36,180,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in Federal Realty Investment Trust during the 4th quarter worth approximately $734,290,000. State Street Corp lifted its holdings in Federal Realty Investment Trust by 1.4% during the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after buying an additional 90,127 shares during the last quarter. Resolution Capital Ltd lifted its holdings in Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after buying an additional 344,189 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $221,217,000 after buying an additional 23,214 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Federal Realty Investment Trust by 5.7% during the 3rd quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock worth $182,054,000 after buying an additional 96,271 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FRT. Stifel Nicolaus increased their target price on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Barclays lifted their target price on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. Scotiabank lifted their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. Finally, Citigroup lifted their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.00.

Federal Realty Investment Trust Stock Performance

FRT opened at $119.51 on Monday. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 4.52 and a beta of 0.94. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $121.84. The business has a 50 day moving average price of $111.38 and a two-hundred day moving average price of $105.50.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

Federal Realty Investment Trust Profile

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.