Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Federal Realty Investment Trust (NYSE:FRT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 41.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,460 shares of the real estate investment trust’s stock after acquiring an additional 19,728 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Federal Realty Investment Trust worth $7,552,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Federal Realty Investment Trust by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Park Avenue Securities LLC increased its position in Federal Realty Investment Trust by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 125 shares during the last quarter. Keybank National Association OH increased its position in Federal Realty Investment Trust by 5.1% during the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 128 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its position in Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of analyst reports. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Stifel Nicolaus reduced their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $114.00 to $105.00 in a research report on Thursday. Finally, Raymond James reduced 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 report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $119.77.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $94.63 on Friday. The stock has a 50 day moving average of $105.77 and a 200 day moving average of $110.93. Federal Realty Investment Trust has a 12 month low of $94.58 and a 12 month high of $118.34. The firm has a market cap of $8.11 billion, a PE ratio of 27.59, a PEG ratio of 2.20 and a beta of 1.27. 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 (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. On average, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 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.