Lasalle Investment Management Securities LLC Has $37.51 Million Stake in Federal Realty Investment Trust $FRT

Lasalle Investment Management Securities LLC lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 353,194 shares of the real estate investment trust’s stock after selling 5,737 shares during the quarter. Federal Realty Investment Trust accounts for approximately 1.5% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 26th largest position. Lasalle Investment Management Securities LLC owned approximately 0.41% of Federal Realty Investment Trust worth $37,513,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in Federal Realty Investment Trust during the fourth quarter worth $734,290,000. State Street Corp increased its stake 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 in the last quarter. Resolution Capital Ltd increased its stake 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 in the last quarter. Invesco Ltd. raised its holdings in shares of Federal Realty Investment Trust by 2.7% during the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after purchasing an additional 72,718 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Federal Realty Investment Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after purchasing an additional 23,214 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.4%

NYSE:FRT opened at $125.08 on Thursday. 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 firm has a 50-day moving average of $121.49 and a 200-day moving average of $111.82. The company has a market cap of $10.81 billion, a PE ratio of 21.71, a PEG ratio of 2.99 and a beta of 0.93. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.86.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Analysts Set New Price Targets

Several analysts have recently commented on FRT shares. Evercore set a $122.00 target price on Federal Realty Investment Trust in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, May 29th. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.31.

Federal Realty Investment Trust Company 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.