Mitsubishi UFJ Asset Management Co. Ltd. Has $17.35 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 158,220 shares of the real estate investment trust’s stock after acquiring an additional 1,049 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $17,346,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. Cerity Partners LLC lifted its holdings in shares of Federal Realty Investment Trust by 47.0% during the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 1,401 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Federal Realty Investment Trust by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock worth $5,579,000 after buying an additional 2,383 shares during the period. FMR LLC grew its position in shares of Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after buying an additional 498,146 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at about $638,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Federal Realty Investment Trust by 1.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,732 shares of the real estate investment trust’s stock worth $5,488,000 after acquiring an additional 850 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Mizuho decreased their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Raymond James dropped their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.62.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $96.80 on Monday. The company has a market cap of $8.29 billion, a P/E ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27. The company has a fifty day simple moving average of $103.78 and a 200 day simple moving average of $109.38. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34.

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

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.55%. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Federal Realty Investment Trust 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.