Federal Realty Investment Trust (NYSE:FRT) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,620 shares of the real estate investment trust’s stock after acquiring an additional 653 shares during the period. MetLife Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $2,532,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after purchasing an additional 218,671 shares during the last quarter. Norges Bank acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $810,544,000. JPMorgan Chase & Co. grew its position in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Invesco Ltd. increased its stake in Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after acquiring an additional 893,258 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Federal Realty Investment Trust by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust’s stock worth $227,457,000 after purchasing an additional 77,783 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FRT. Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Truist Financial lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Citigroup reaffirmed a “neutral” rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Mizuho cut their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Finally, Raymond James reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Federal Realty Investment Trust Trading Down 1.1 %

Shares of FRT stock opened at $94.42 on Monday. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The firm has a fifty day moving average of $96.73 and a 200-day moving average of $106.04.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. On average, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.66%. Federal Realty Investment Trust’s dividend payout ratio is 128.28%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.