Voya Investment Management LLC Sells 5,160 Shares of Federal Realty Investment Trust $FRT

Voya Investment Management LLC cut its position in Federal Realty Investment Trust (NYSE:FRT) by 23.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,202 shares of the real estate investment trust’s stock after selling 5,160 shares during the quarter. Voya Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,743,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Czech National Bank grew its position in shares of Federal Realty Investment Trust by 5.1% in the 3rd quarter. Czech National Bank now owns 19,937 shares of the real estate investment trust’s stock worth $2,020,000 after buying an additional 961 shares during the last quarter. Oak Thistle LLC acquired a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $499,000. Corient Private Wealth LLC boosted its stake in Federal Realty Investment Trust by 3.7% in the second quarter. Corient Private Wealth LLC now owns 5,671 shares of the real estate investment trust’s stock valued at $539,000 after acquiring an additional 204 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Federal Realty Investment Trust by 8.0% in the second quarter. Osaic Holdings Inc. now owns 16,324 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Federal Realty Investment Trust by 704.1% during the second quarter. Thrivent Financial for Lutherans now owns 25,433 shares of the real estate investment trust’s stock worth $2,388,000 after purchasing an additional 22,270 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FRT. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $107.00 to $114.00 in a research note on Thursday, December 18th. Barclays reaffirmed an “equal weight” rating and issued a $106.00 price objective (down from $113.00) on shares of Federal Realty Investment Trust in a research report on Tuesday, November 18th. Finally, Truist Financial boosted their target price on shares of Federal Realty Investment Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.30.

Federal Realty Investment Trust Stock Down 0.0%

Shares of FRT stock opened at $102.33 on Monday. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $113.00. The firm has a market capitalization of $8.83 billion, a PE ratio of 25.97, a P/E/G ratio of 3.76 and a beta of 1.00. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $98.50 and its 200-day simple moving average is $97.35.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The firm had revenue of $321.97 million during the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $1.13 dividend. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio is presently 114.72%.

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.