Swiss National Bank Raises Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Swiss National Bank increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,100 shares of the real estate investment trust’s stock after purchasing an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in Federal Realty Investment Trust were worth $16,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 111 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 125 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 128 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of Federal Realty Investment Trust by 11.5% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $97.30 on Wednesday. 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 company has a market cap of $8.34 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.20 and a beta of 1.27. The firm’s fifty day moving average is $104.89 and its two-hundred day moving average is $110.38. Federal Realty Investment Trust has a 52-week low of $94.58 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.52%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Mizuho lowered their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $119.77.

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.