Rush Island Management LP Has $67.82 Million Holdings in Federal Realty Investment Trust $FRT

Rush Island Management LP reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 50.3% during the first quarter, Holdings Channel.com reports. The fund owned 638,538 shares of the real estate investment trust’s stock after selling 646,557 shares during the period. Federal Realty Investment Trust makes up about 4.5% of Rush Island Management LP’s portfolio, making the stock its 9th biggest position. Rush Island Management LP’s holdings in Federal Realty Investment Trust were worth $67,819,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Federal Realty Investment Trust by 97.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,120 shares of the real estate investment trust’s stock worth $3,148,000 after buying an additional 15,329 shares during the last quarter. M&T Bank Corp bought a new stake in Federal Realty Investment Trust during the fourth quarter valued at $4,472,000. UBS Group AG grew its holdings in Federal Realty Investment Trust by 23.3% during the 4th quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust’s stock worth $38,524,000 after acquiring an additional 72,293 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Federal Realty Investment Trust by 11.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust’s stock worth $43,951,000 after acquiring an additional 43,685 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust’s stock worth $2,128,000 after acquiring an additional 21,059 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FRT has been the subject of several recent analyst reports. Piper Sandler raised 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, July 21st. JPMorgan Chase & Co. boosted their price target on 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. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, May 29th. UBS Group raised their price objective on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Two equities 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 stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

Federal Realty Investment Trust Price Performance

FRT stock opened at $126.22 on Wednesday. The stock has a market capitalization of $10.90 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. The company’s 50-day moving average is $122.44 and its 200-day moving average is $112.54. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $128.21.

Federal Realty Investment Trust Announces Dividend

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

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.