Los Angeles Capital Management LLC Acquires Shares of 2,167 Federal Realty Investment Trust (NYSE:FRT)

Los Angeles Capital Management LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,167 shares of the real estate investment trust’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Federal Realty Investment Trust during the 4th quarter valued at about $743,378,000. JPMorgan Chase & Co. raised its holdings in Federal Realty Investment Trust by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock worth $427,538,000 after acquiring an additional 509,909 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Federal Realty Investment Trust by 53.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after acquiring an additional 469,425 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Federal Realty Investment Trust by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after purchasing an additional 40,984 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 29.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after purchasing an additional 93,048 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Up 1.2 %

NYSE FRT opened at $100.34 on Friday. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $107.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $8.32 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. The stock’s 50-day moving average price is $101.27 and its 200-day moving average price is $101.32.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Analysts Set New Price Targets

FRT has been the topic of a number of research analyst reports. Scotiabank upped their price target on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Bank of America boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Truist Financial dropped their target price on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

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.