Cinctive Capital Management LP Increases Stake in Federal Realty Investment Trust (NYSE:FRT)

Cinctive Capital Management LP raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 131.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,483 shares of the real estate investment trust’s stock after purchasing an additional 25,813 shares during the quarter. Cinctive Capital Management LP owned approximately 0.05% of Federal Realty Investment Trust worth $5,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its stake in shares of Federal Realty Investment Trust by 47.0% during the 3rd quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 1,401 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Federal Realty Investment Trust by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock valued at $5,579,000 after acquiring an additional 2,383 shares during the period. FMR LLC lifted its position in shares of Federal Realty Investment Trust by 667.2% during the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock worth $65,856,000 after acquiring an additional 498,146 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Federal Realty Investment Trust by 4.0% during the third quarter. Public Sector Pension Investment Board now owns 13,115 shares of the real estate investment trust’s stock worth $1,508,000 after acquiring an additional 500 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Federal Realty Investment Trust by 508.2% in the third quarter. Walleye Capital LLC now owns 14,099 shares of the real estate investment trust’s stock worth $1,621,000 after acquiring an additional 11,781 shares during the period. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Raymond James cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Scotiabank reduced 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. Finally, Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $99.16 on Thursday. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The firm’s fifty day moving average price is $103.33 and its 200-day moving average price is $108.99. The stock has a market cap of $8.50 billion, a P/E ratio of 28.91, a price-to-earnings-growth 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.

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

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed 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 4.44%. Federal Realty Investment Trust’s payout ratio is 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.