Mizuho Markets Americas LLC Reduces Stake in Federal Realty Investment Trust $FRT

Mizuho Markets Americas LLC lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,382 shares of the real estate investment trust’s stock after selling 4,664 shares during the period. Mizuho Markets Americas LLC owned approximately 0.13% of Federal Realty Investment Trust worth $10,925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its position in Federal Realty Investment Trust by 5.7% in the third quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock worth $182,054,000 after acquiring an additional 96,271 shares in the last quarter. Truist Financial Corp grew its position in Federal Realty Investment Trust by 496.2% in the third quarter. Truist Financial Corp now owns 129,198 shares of the real estate investment trust’s stock worth $13,089,000 after acquiring an additional 107,529 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in Federal Realty Investment Trust in the third quarter worth about $972,000. Wealth Enhancement Advisory Services LLC grew its position in Federal Realty Investment Trust by 173.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the real estate investment trust’s stock worth $1,541,000 after acquiring an additional 10,021 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in Federal Realty Investment Trust by 2.2% in the third quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock worth $128,750,000 after acquiring an additional 27,306 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FRT shares. Evercore set a $110.00 price target on Federal Realty Investment Trust in a research report on Monday, May 4th. Citigroup lifted their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. UBS Group lifted their price target on Federal Realty Investment Trust from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays boosted their target price on Federal Realty Investment Trust from $107.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Truist Financial boosted their target price on Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $115.79.

Federal Realty Investment Trust Stock Up 1.0%

Shares of NYSE:FRT opened at $119.83 on Friday. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $120.20. The business has a 50 day simple moving average of $109.92 and a two-hundred day simple moving average of $104.59. The firm has a market capitalization of $10.35 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.48 and a beta of 0.92. 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 Announces Dividend

The firm 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 dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is 78.47%.

Federal Realty Investment Trust Company 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.