Massachusetts Financial Services Co. MA Sells 150,590 Shares of Federal Realty Investment Trust $FRT

Massachusetts Financial Services Co. MA lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,572,035 shares of the real estate investment trust’s stock after selling 150,590 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.82% of Federal Realty Investment Trust worth $159,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Federal Realty Investment Trust by 1.9% in the second quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after acquiring an additional 244,854 shares in the last quarter. Norges Bank bought a new position in Federal Realty Investment Trust in the 2nd quarter worth about $690,507,000. State Street Corp grew its position in Federal Realty Investment Trust by 2.8% during the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock valued at $624,903,000 after purchasing an additional 176,613 shares during the last quarter. Resolution Capital Ltd boosted its stake in Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Federal Realty Investment Trust by 3.1% during the second quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock valued at $257,700,000 after purchasing an additional 82,312 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.9%

Shares of NYSE:FRT opened at $103.69 on Tuesday. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $111.82. The business has a 50-day moving average price of $99.69 and a 200-day moving average price of $98.06. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.71 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last posted its 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 firm had revenue of $321.97 million for 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%.Federal Realty Investment Trust’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were paid a dividend of $1.13 per share. The ex-dividend date of this dividend 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 114.72%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped their price target on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft set a $105.00 target price on Federal Realty Investment Trust and gave the stock a “hold” rating in a report on Tuesday, October 7th. UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a research note on Wednesday, January 14th. Truist Financial lifted their price objective on shares of Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus set a $109.50 price objective on shares of Federal Realty Investment Trust in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $110.30.

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.