Nomura Asset Management Co. Ltd. Boosts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 446,922 shares of the real estate investment trust’s stock after purchasing an additional 20,641 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $50,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FRT. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust during the third quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 111 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $101,000. Finally, Jackson Grant Investment Advisers Inc. grew its position in shares of Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 137 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FRT has been the subject of several research analyst reports. Scotiabank decreased their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday. Mizuho cut their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, Raymond James cut their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.62.

Federal Realty Investment Trust Stock Up 0.0 %

Shares of Federal Realty Investment Trust stock opened at $96.80 on Friday. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34. The company has a market cap of $8.29 billion, a P/E ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a fifty day moving average of $103.78 and a two-hundred day moving average of $109.43.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. On average, analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.55%. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Federal Realty Investment Trust Profile

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.