CIBC Asset Management Inc Acquires 7,622 Shares of Federal Realty Investment Trust $FRT

CIBC Asset Management Inc boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 76.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,626 shares of the real estate investment trust’s stock after buying an additional 7,622 shares during the quarter. CIBC Asset Management Inc’s holdings in Federal Realty Investment Trust were worth $1,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $734,290,000. AQR Capital Management LLC increased its holdings in shares of Federal Realty Investment Trust by 330.5% during the 3rd quarter. AQR Capital Management LLC now owns 841,483 shares of the real estate investment trust’s stock worth $84,434,000 after acquiring an additional 646,036 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Federal Realty Investment Trust by 453.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock valued at $59,539,000 after acquiring an additional 481,427 shares during the period. Resolution Capital Ltd lifted its holdings 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, Schroder Investment Management Group acquired a new stake in Federal Realty Investment Trust during the 3rd quarter valued at $33,779,000. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup upped their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a research note on Monday, June 1st. Truist Financial lifted their target price on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, May 29th. Finally, Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.21.

Federal Realty Investment Trust Trading Down 0.4%

Shares of FRT stock opened at $122.05 on Tuesday. The stock has a market cap of $10.54 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $123.59. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $113.37 and a 200 day simple moving average of $106.48.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio 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.