Centersquare Investment Management LLC Cuts Stock Position in Federal Realty Investment Trust $FRT

Centersquare Investment Management LLC lessened its stake in Federal Realty Investment Trust (NYSE:FRT) by 52.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 607,641 shares of the real estate investment trust’s stock after selling 663,213 shares during the quarter. Centersquare Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $61,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $734,290,000. State Street Corp grew its stake in shares of Federal Realty Investment Trust by 1.4% during the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after acquiring an additional 90,127 shares during the last quarter. Resolution Capital Ltd grew its stake in shares of Federal Realty Investment Trust by 11.8% during the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after acquiring an additional 344,189 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Federal Realty Investment Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock worth $221,217,000 after acquiring an additional 23,214 shares during the last quarter. Finally, Rush Island Management LP grew its stake in shares of Federal Realty Investment Trust by 13.3% during the second quarter. Rush Island Management LP now owns 1,605,736 shares of the real estate investment trust’s stock worth $152,529,000 after acquiring an additional 188,116 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Stifel Nicolaus lifted 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. Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 4th. 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. Finally, Scotiabank lifted 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.21.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $124.80 on Friday. The business’s 50 day moving average price is $114.56 and its 200 day moving average price is $107.06. The firm has a market cap of $10.78 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.94 and a beta of 0.94. Federal Realty Investment Trust has a 52 week low of $89.99 and a 52 week high of $125.95. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $1.13 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.6%. 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.