PGGM Investments Sells 45,488 Shares of Federal Realty Investment Trust $FRT

PGGM Investments lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,026,327 shares of the real estate investment trust’s stock after selling 45,488 shares during the period. Federal Realty Investment Trust comprises approximately 1.6% of PGGM Investments’ investment portfolio, making the stock its 22nd biggest holding. PGGM Investments owned approximately 1.19% of Federal Realty Investment Trust worth $103,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Jones Financial Companies Lllp raised its stake in shares of Federal Realty Investment Trust by 21.5% during the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 514 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Federal Realty Investment Trust by 43.1% during the first quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after acquiring an additional 184,557 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Federal Realty Investment Trust by 12.5% during the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 355 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $2,895,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

FRT has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Truist Financial boosted their price objective on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Citigroup boosted their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.23.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $119.83 on Tuesday. The business’s fifty day simple moving average is $110.21 and its 200-day simple moving average is $104.82. The company has a market cap of $10.35 billion, a PE ratio of 20.80, a PEG ratio of 4.53 and a beta of 0.92. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $120.20.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is presently 78.47%.

About Federal Realty Investment Trust

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.