Norges Bank Makes New Investment in Federal Realty Investment Trust $FRT

Norges Bank purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,284,627 shares of the real estate investment trust’s stock, valued at approximately $734,290,000. Norges Bank owned 8.44% of Federal Realty Investment Trust as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Danske Bank A S increased its position in Federal Realty Investment Trust by 16.7% during the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 100 shares during the period. Kestra Private Wealth Services LLC increased its position in Federal Realty Investment Trust by 2.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 103 shares during the period. Equitable Holdings Inc. increased its position in Federal Realty Investment Trust by 3.5% during the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 105 shares during the period. EverSource Wealth Advisors LLC increased its position in 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 worth $66,000 after buying an additional 109 shares during the period. Finally, Fort Point Capital Partners LLC increased its position in Federal Realty Investment Trust by 1.4% during the third quarter. Fort Point Capital Partners LLC now owns 7,757 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FRT shares. Scotiabank boosted their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. boosted their target price on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Friday. UBS Group boosted their target price on Federal Realty Investment Trust from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Citigroup boosted their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.14.

Federal Realty Investment Trust Trading Down 0.1%

NYSE:FRT opened at $119.51 on Monday. The firm has a market cap of $10.32 billion, a P/E ratio of 20.75, a PEG ratio of 4.52 and a beta of 0.94. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The stock’s 50 day simple moving average is $111.38 and its 200-day simple moving average is $105.50. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $121.84.

Federal Realty Investment Trust Dividend Announcement

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