Lasalle Investment Management Securities LLC Sells 5,737 Shares of Federal Realty Investment Trust $FRT

Lasalle Investment Management Securities LLC trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.6% during the first quarter, Holdings Channel.com reports. The fund owned 353,194 shares of the real estate investment trust’s stock after selling 5,737 shares during the quarter. Federal Realty Investment Trust comprises 1.5% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 26th biggest holding. Lasalle Investment Management Securities LLC’s holdings in Federal Realty Investment Trust were worth $37,513,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at about $734,290,000. AQR Capital Management LLC lifted its position in shares of Federal Realty Investment Trust by 116.3% during the fourth quarter. AQR Capital Management LLC now owns 1,820,547 shares of the real estate investment trust’s stock valued at $183,511,000 after purchasing an additional 979,064 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Federal Realty Investment Trust by 453.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock worth $59,539,000 after purchasing an additional 481,427 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Federal Realty Investment Trust during the fourth quarter worth about $46,415,000. Finally, Millennium Management LLC grew its position in Federal Realty Investment Trust by 1,920.6% in the 4th quarter. Millennium Management LLC now owns 477,038 shares of the real estate investment trust’s stock worth $48,085,000 after purchasing an additional 453,429 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $125.08 on Thursday. The company has a market capitalization of $10.81 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $126.86. The company has a 50-day simple moving average of $121.49 and a 200 day simple moving average of $111.82.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a dividend of $1.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 78.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FRT shares. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Friday, June 26th. Piper Sandler boosted their target price on Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Bank of America increased their price target on Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Mizuho set a $130.00 price target on Federal Realty Investment Trust and gave the stock an “outperform” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.31.

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.