Curi RMB Capital LLC Acquires 41,511 Shares of Federal Realty Investment Trust (NYSE:FRT)

Curi RMB Capital LLC raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,238 shares of the real estate investment trust’s stock after purchasing an additional 41,511 shares during the quarter. Curi RMB Capital LLC owned approximately 0.17% of Federal Realty Investment Trust worth $15,588,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after buying an additional 168,885 shares in the last quarter. LPL Financial LLC lifted its holdings in Federal Realty Investment Trust by 17.5% in the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock valued at $9,324,000 after purchasing an additional 12,387 shares in the last quarter. Vert Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after buying an additional 3,617 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after acquiring an additional 7,501 shares during the period. Finally, Blue Trust Inc. boosted its stake in Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Up 1.7 %

Shares of FRT stock opened at $93.61 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The firm’s 50-day moving average is $98.39 and its 200-day moving average is $106.82.

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

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Finally, Raymond James cut their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $116.00.

About Federal Realty Investment Trust

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.