Federal Realty Investment Trust $FRT Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 797,561 shares of the real estate investment trust’s stock after acquiring an additional 78,706 shares during the period. Legal & General Group Plc’s holdings in Federal Realty Investment Trust were worth $80,394,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in Federal Realty Investment Trust by 121.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 1,272 shares during the period. Kingdom Financial Group LLC. acquired a new position in Federal Realty Investment Trust during the fourth quarter worth $57,000. Global Retirement Partners LLC raised its position in Federal Realty Investment Trust by 132.4% during the fourth quarter. Global Retirement Partners LLC now owns 804 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 458 shares during the period. Prevail Innovative Wealth Advisors LLC raised its position in Federal Realty Investment Trust by 4.6% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 48,436 shares of the real estate investment trust’s stock worth $4,882,000 after acquiring an additional 2,108 shares during the period. Finally, IFP Advisors Inc raised its position in Federal Realty Investment Trust by 52.2% during the fourth quarter. IFP Advisors Inc now owns 1,516 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 520 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 1.2%

Shares of FRT opened at $119.51 on Friday. 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 $121.84. The firm has a 50-day moving average price of $111.38 and a 200 day moving average price of $105.44. The firm has a market capitalization of $10.32 billion, a P/E ratio of 20.75, a P/E/G ratio of 4.58 and a beta of 0.92.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $1.13 dividend. 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 currently 78.47%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FRT. JPMorgan Chase & Co. upped their price objective on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday. Evercore set a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 4th. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday. Finally, Citigroup increased their target price on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.14.

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.