Rakuten Investment Management Inc. Acquires Shares of 504,945 Federal Realty Investment Trust $FRT

Rakuten Investment Management Inc. acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the third quarter, HoldingsChannel.com reports. The fund acquired 504,945 shares of the real estate investment trust’s stock, valued at approximately $51,156,000.

Other large investors have also modified their holdings of the company. Vest Financial LLC lifted its position in Federal Realty Investment Trust by 2.6% during the 3rd quarter. Vest Financial LLC now owns 578,948 shares of the real estate investment trust’s stock worth $58,653,000 after acquiring an additional 14,744 shares in the last quarter. Vert Asset Management LLC raised its stake in shares of Federal Realty Investment Trust by 8.2% during the third quarter. Vert Asset Management LLC now owns 37,048 shares of the real estate investment trust’s stock valued at $3,753,000 after purchasing an additional 2,795 shares during the period. Sage Mountain Advisors LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter worth $282,000. Jackson Thornton Wealth Management LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at $321,000. Finally, Pacific Heights Asset Management LLC boosted its stake in shares of Federal Realty Investment Trust by 50.0% in the third quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $15,196,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 1.0%

Shares of NYSE FRT opened at $102.65 on Wednesday. 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’s 50 day moving average price is $99.76 and its two-hundred day moving average price is $98.11. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $111.82. The stock has a market capitalization of $8.86 billion, a P/E ratio of 26.05, a PEG ratio of 3.71 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last issued 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 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 business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is 114.72%.

Analyst Ratings Changes

FRT has been the topic of a number of recent analyst reports. Mizuho set a $105.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, January 9th. Scotiabank cut their price target on Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Barclays restated a “positive” rating and set a $107.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, January 13th. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $101.00 to $115.00 in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust 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.