Federal Realty Investment Trust $FRT Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in Federal Realty Investment Trust (NYSE:FRT) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,600 shares of the real estate investment trust’s stock after purchasing an additional 7,200 shares during the period. Handelsbanken Fonder AB’s holdings in Federal Realty Investment Trust were worth $2,580,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in Federal Realty Investment Trust by 1.4% in the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock valued at $675,610,000 after purchasing an additional 90,127 shares during the period. Resolution Capital Ltd grew its holdings in Federal Realty Investment Trust by 11.8% in the second 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 period. ProShare Advisors LLC boosted its stake in shares of Federal Realty Investment Trust by 5.7% in the third quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock worth $182,054,000 after acquiring an additional 96,271 shares during the last quarter. Rush Island Management LP boosted its stake in shares of Federal Realty Investment Trust by 13.3% in the second quarter. Rush Island Management LP now owns 1,605,736 shares of the real estate investment trust’s stock worth $152,529,000 after acquiring an additional 188,116 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Federal Realty Investment Trust by 7.9% in the third quarter. Northern Trust Corp now owns 1,357,425 shares of the real estate investment trust’s stock worth $137,521,000 after acquiring an additional 99,161 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FRT has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Truist Financial lifted their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Citigroup lifted their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Evercore set a $110.00 price target on Federal Realty Investment Trust in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $115.79.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $119.83 on Monday. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $120.20. The firm has a market capitalization of $10.35 billion, a PE ratio of 20.80, a P/E/G ratio of 4.53 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50 day moving average price is $109.92 and its 200-day moving average price is $104.66.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 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.