iA Global Asset Management Inc. Buys 362 Shares of Federal Realty Investment Trust (NYSE:FRT)

iA Global Asset Management Inc. boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 19.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,221 shares of the real estate investment trust’s stock after buying an additional 362 shares during the period. iA Global Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tidemark LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $40,000. Quarry LP bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $50,000. Richardson Financial Services Inc. purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $51,000. Northwest Investment Counselors LLC bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $51,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Federal Realty Investment Trust by 20.3% in 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. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FRT shares. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI decreased their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $109.00 to $110.00 in a research note on Monday, April 22nd. Piper Sandler boosted their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday. Finally, Mizuho raised their price target 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.30.

Federal Realty Investment Trust Stock Down 0.9 %

Shares of NYSE FRT traded down $0.97 during midday trading on Friday, hitting $111.83. 415,003 shares of the company’s stock were exchanged, compared to its average volume of 591,939. The company has a market cap of $9.28 billion, a PE ratio of 40.62, a P/E/G ratio of 2.23 and a beta of 1.23. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The firm’s fifty day simple moving average is $103.28 and its 200-day simple moving average is $101.84.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. Research analysts predict that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Company 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.