First Trust Advisors LP Purchases 333,931 Shares of Federal Realty Investment Trust $FRT

First Trust Advisors LP lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 693.9% in the 1st quarter, Holdings Channel reports. The fund owned 382,058 shares of the real estate investment trust’s stock after buying an additional 333,931 shares during the quarter. First Trust Advisors LP’s holdings in Federal Realty Investment Trust were worth $40,578,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in FRT. Norges Bank bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $734,290,000. AQR Capital Management LLC lifted its holdings in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 period. Alyeska Investment Group L.P. bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $46,415,000. Finally, Millennium Management LLC increased its stake in shares of Federal Realty Investment Trust by 1,920.6% in the fourth 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. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $127.10 on Tuesday. The firm’s 50 day simple moving average is $122.21 and its 200 day simple moving average is $112.37. 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 firm has a market capitalization of $10.98 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $127.72.

Federal Realty Investment Trust Announces Dividend

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

Analysts Set New Price Targets

FRT has been the topic of several research reports. Citigroup boosted their price target 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. 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 report on Friday, May 29th. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Scotiabank increased their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.62.

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.