Cbre Investment Management Listed Real Assets LLC Cuts Stock Position in Federal Realty Investment Trust $FRT

Cbre Investment Management Listed Real Assets LLC trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 71.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,726 shares of the real estate investment trust’s stock after selling 263,843 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.12% of Federal Realty Investment Trust worth $10,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust during the fourth quarter worth $25,000. Turning Point Benefit Group Inc. boosted its stake in Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares during the period. True Wealth Design LLC boosted its stake in Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA boosted its stake in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Federal Realty Investment Trust during the third quarter worth $35,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $118.85 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The business has a 50-day moving average price of $111.63 and a 200 day moving average price of $105.64. The company has a market capitalization of $10.27 billion, a P/E ratio of 20.63, a PEG ratio of 4.52 and a beta of 0.94. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $121.84.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is 78.47%.

Wall Street Analyst Weigh In

Several research analysts have commented on FRT shares. Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Barclays lifted their price objective on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Friday. Finally, Citigroup lifted 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.79.

Federal Realty Investment Trust 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.