Park Avenue Securities LLC Has $554,000 Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Park Avenue Securities LLC increased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 10.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,421 shares of the real estate investment trust’s stock after buying an additional 493 shares during the quarter. Park Avenue Securities LLC’s holdings in Federal Realty Investment Trust were worth $554,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FRT. Anchor Investment Management LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $28,000. Tidemark LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $40,000. Quarry LP acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $50,000. Richardson Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $51,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Federal Realty Investment Trust by 20.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Mizuho increased their price target on shares of 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. Truist Financial decreased their price target on shares of 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. Scotiabank increased their price target on shares of 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. Finally, Bank of America increased their price target on shares of 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $100.97 on Friday. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $107.61. The stock has a market cap of $8.38 billion, a PE ratio of 35.93, a PEG ratio of 1.98 and a beta of 1.21. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s 50 day moving average price is $101.29 and its two-hundred day moving average price is $101.33.

Federal Realty Investment Trust Announces Dividend

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

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.