Federal Realty Investment Trust $FRT Shares Sold by PGGM Investments

PGGM Investments trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 13.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,071,815 shares of the real estate investment trust’s stock after selling 173,527 shares during the quarter. Federal Realty Investment Trust makes up 1.8% of PGGM Investments’ portfolio, making the stock its 21st biggest holding. PGGM Investments owned 1.24% of Federal Realty Investment Trust worth $108,586,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FRT. Ascent Group LLC purchased a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $1,146,000. Abel Hall LLC acquired a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $392,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Federal Realty Investment Trust by 103.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 2,928 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Federal Realty Investment Trust by 32.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,311 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 1,553 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Federal Realty Investment Trust by 207.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock worth $38,132,000 after acquiring an additional 270,835 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group set a $113.00 price target on Federal Realty Investment Trust in a report on Wednesday. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Barclays reiterated a “positive” rating and set a $107.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $105.00 price target on Federal Realty Investment Trust and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $110.30.

Federal Realty Investment Trust Trading Down 0.2%

Shares of FRT opened at $101.80 on Friday. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $111.82. The firm has a market capitalization of $8.78 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 3.66 and a beta of 1.01. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.52. The stock’s fifty day simple moving average is $99.42 and its 200 day simple moving average is $97.89.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $321.97 million during the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were issued a $1.13 dividend. The ex-dividend date was Friday, January 2nd. This represents a $4.52 annualized dividend and a yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.72%.

About Federal Realty Investment Trust

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.