Toronto Dominion Bank Reduces Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Toronto Dominion Bank lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 9.5% during the 1st quarter, HoldingsChannel reports. The firm owned 34,441 shares of the real estate investment trust’s stock after selling 3,618 shares during the period. Toronto Dominion Bank’s holdings in Federal Realty Investment Trust were worth $3,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Federal Realty Investment Trust by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after purchasing an additional 193,740 shares during the last quarter. Norges Bank bought a new position in Federal Realty Investment Trust in the fourth quarter worth approximately $743,378,000. Massachusetts Financial Services Co. MA raised its position in Federal Realty Investment Trust by 53.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock worth $139,726,000 after acquiring an additional 469,425 shares during the period. Charles Schwab Investment Management Inc. raised its position in Federal Realty Investment Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock worth $119,108,000 after acquiring an additional 40,984 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Federal Realty Investment Trust by 29.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after acquiring an additional 93,048 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 2.3 %

Shares of FRT stock opened at $109.55 on Friday. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.19 and a beta of 1.23. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $111.02. The company’s fifty day moving average price is $102.34 and its 200-day moving average price is $101.57. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 21st were given a dividend of $1.09 per share. The ex-dividend date was Friday, June 21st. This represents a $4.36 annualized dividend and a dividend yield of 3.98%. Federal Realty Investment Trust’s payout ratio is 155.16%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho increased their price target on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report 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 report on Monday, May 20th. Evercore ISI decreased their price target on shares of 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. Finally, Wells Fargo & Company increased their price target on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average price target of $114.00.

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.