GAMMA Investing LLC Purchases 130 Shares of Federal Realty Investment Trust (NYSE:FRT)

GAMMA Investing LLC lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 7.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,837 shares of the real estate investment trust’s stock after purchasing an additional 130 shares during the quarter. GAMMA Investing LLC’s holdings in Federal Realty Investment Trust were worth $188,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Heitman Real Estate Securities LLC increased its stake in Federal Realty Investment Trust by 1,553.3% in the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock valued at $21,403,000 after acquiring an additional 195,137 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Federal Realty Investment Trust by 53.0% in the fourth 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 during the last quarter. Mizuho Markets Americas LLC increased its stake in Federal Realty Investment Trust by 66.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 51,610 shares of the real estate investment trust’s stock valued at $5,318,000 after acquiring an additional 20,519 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. bought a new position in Federal Realty Investment Trust in the third quarter valued at $2,465,000. Finally, Strs Ohio increased its stake in Federal Realty Investment Trust by 32.7% in the fourth quarter. Strs Ohio now owns 136,781 shares of the real estate investment trust’s stock valued at $14,095,000 after acquiring an additional 33,700 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $101.02 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average of $101.06 and a 200-day moving average of $101.30. The firm has a market cap of $8.38 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.02 and a beta of 1.21. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $107.61.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.32%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FRT shares. Evercore ISI reduced their target price on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Truist Financial reduced their price objective on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Mizuho raised their price objective on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Bank of America raised their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Scotiabank raised their price objective on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Federal Realty Investment Trust 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.