Trillium Asset Management LLC Decreases Holdings in Federal Realty Investment Trust $FRT

Trillium Asset Management LLC cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,209 shares of the real estate investment trust’s stock after selling 2,161 shares during the period. Trillium Asset Management LLC’s holdings in Federal Realty Investment Trust were worth $3,630,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust’s stock valued at $127,442,000 after buying an additional 17,634 shares during the last quarter. Northern Trust Corp raised its stake in Federal Realty Investment Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock valued at $125,179,000 after buying an additional 44,935 shares during the last quarter. PGGM Investments raised its stake in Federal Realty Investment Trust by 23.7% during the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after buying an additional 238,679 shares during the last quarter. Centersquare Investment Management LLC raised its stake in Federal Realty Investment Trust by 16.2% during the 1st quarter. Centersquare Investment Management LLC now owns 1,211,041 shares of the real estate investment trust’s stock valued at $118,464,000 after buying an additional 169,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Federal Realty Investment Trust by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,217 shares of the real estate investment trust’s stock valued at $114,370,000 after buying an additional 3,419 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FRT shares. Mizuho boosted their price objective on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Evercore ISI cut their price objective on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $108.46.

Federal Realty Investment Trust Trading Up 0.2%

Shares of Federal Realty Investment Trust stock opened at $96.21 on Thursday. The company has a market capitalization of $8.30 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.78 and a beta of 1.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a fifty day moving average of $99.21 and a 200 day moving average of $96.46. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $322.25 million during the quarter, compared to the consensus estimate of $318.73 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $4.52 annualized dividend and a yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio is currently 114.72%.

About Federal Realty Investment Trust

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.