PFG Investments LLC Sells 247 Shares of Federal Realty Investment Trust (NYSE:FRT)

PFG Investments LLC decreased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,061 shares of the real estate investment trust’s stock after selling 247 shares during the period. PFG Investments LLC’s holdings in Federal Realty Investment Trust were worth $619,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its stake in Federal Realty Investment Trust by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 46,497 shares of the real estate investment trust’s stock valued at $4,747,000 after buying an additional 244 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Federal Realty Investment Trust by 47.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,719 shares of the real estate investment trust’s stock valued at $1,299,000 after buying an additional 4,112 shares during the period. Vert Asset Management LLC boosted its stake in Federal Realty Investment Trust by 7.3% during the first quarter. Vert Asset Management LLC now owns 30,845 shares of the real estate investment trust’s stock valued at $3,150,000 after buying an additional 2,109 shares during the period. Northwest Investment Counselors LLC bought a new stake in Federal Realty Investment Trust during the first quarter valued at $51,000. Finally, Park Avenue Securities LLC raised its position in Federal Realty Investment Trust by 10.0% during the first quarter. Park Avenue Securities LLC now owns 5,421 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 493 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.0 %

Shares of NYSE FRT traded up $1.07 during trading hours on Monday, hitting $103.26. The company’s stock had a trading volume of 365,745 shares, compared to its average volume of 647,060. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.94 and a beta of 1.21. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The business has a 50-day simple moving average of $100.36 and a 200-day simple moving average of $98.81.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. On average, analysts anticipate that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 13th were paid a $1.09 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 annualized dividend and a dividend yield of 4.22%. Federal Realty Investment Trust’s payout ratio is presently 155.71%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank lowered their price target on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 28th. Barclays raised their price target on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $109.00 to $110.00 in a research report on Monday, April 22nd. Truist Financial restated a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Finally, Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $110.00 to $112.00 in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.70.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.