Empire Financial Management Company LLC Purchases New Shares in Federal Realty Investment Trust $FRT

Empire Financial Management Company LLC acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) in the first quarter, Holdings Channel reports. The institutional investor acquired 9,529 shares of the real estate investment trust’s stock, valued at approximately $1,012,000.

A number of other large investors have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Federal Realty Investment Trust by 22.0% during the 1st quarter. California State Teachers Retirement System now owns 95,680 shares of the real estate investment trust’s stock worth $10,162,000 after acquiring an additional 17,260 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Federal Realty Investment Trust by 15.8% in the 1st quarter. Royal Bank of Canada now owns 226,880 shares of the real estate investment trust’s stock valued at $24,098,000 after purchasing an additional 31,000 shares in the last quarter. Resolution Capital Ltd increased its stake in shares of Federal Realty Investment Trust by 10.3% in the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after purchasing an additional 340,524 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Federal Realty Investment Trust by 1.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 64,309 shares of the real estate investment trust’s stock worth $6,830,000 after purchasing an additional 959 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Federal Realty Investment Trust by 106.7% in the 1st quarter. Quantinno Capital Management LP now owns 348,135 shares of the real estate investment trust’s stock worth $36,976,000 after purchasing an additional 179,721 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays increased their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Truist Financial upped their target price on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Evercore set a $122.00 target price on Federal Realty Investment Trust in a research report on Tuesday, July 7th. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

Federal Realty Investment Trust Stock Down 0.7%

FRT opened at $126.22 on Wednesday. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $128.21. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average price of $122.44 and a 200 day moving average price of $112.54. The company has a market cap of $10.90 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93.

Federal Realty Investment Trust Dividend Announcement

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