Allspring Global Investments Holdings LLC Has $975,000 Stake in Federal Realty Investment Trust (NYSE:FRT)

Allspring Global Investments Holdings LLC lifted its stake in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 10,826 shares of the real estate investment trust’s stock after purchasing an additional 119 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Federal Realty Investment Trust were worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wipfli Financial Advisors LLC acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at approximately $49,000. Janney Montgomery Scott LLC increased its holdings in shares of Federal Realty Investment Trust by 14.4% in the third quarter. Janney Montgomery Scott LLC now owns 82,362 shares of the real estate investment trust’s stock valued at $7,423,000 after purchasing an additional 10,391 shares in the last quarter. Texas Permanent School Fund grew its holdings in Federal Realty Investment Trust by 9.2% during the 3rd quarter. Texas Permanent School Fund now owns 10,256 shares of the real estate investment trust’s stock worth $924,000 after acquiring an additional 861 shares during the period. Raymond James & Associates grew its holdings in Federal Realty Investment Trust by 12.1% during the 3rd quarter. Raymond James & Associates now owns 63,741 shares of the real estate investment trust’s stock worth $5,744,000 after acquiring an additional 6,866 shares during the period. Finally, Xponance Inc. grew its holdings in Federal Realty Investment Trust by 15.4% during the 3rd quarter. Xponance Inc. now owns 8,770 shares of the real estate investment trust’s stock worth $790,000 after acquiring an additional 1,172 shares during the period. Institutional investors and hedge funds own 86.20% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.1 %

FRT opened at $107.65 on Friday. The stock has a market capitalization of $8.74 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.62 and a beta of 1.14. Federal Realty Investment Trust has a 12 month low of $86.43 and a 12 month high of $128.64. The firm’s fifty day simple moving average is $106.07 and its 200 day simple moving average is $102.02. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.55.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were given a $1.08 dividend. The ex-dividend date was Friday, December 30th. This represents a $4.32 annualized dividend and a yield of 4.01%. Federal Realty Investment Trust’s dividend payout ratio is currently 91.72%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI lowered their target price on shares of Federal Realty Investment Trust to $104.00 in a report on Thursday, October 20th. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $118.00 to $115.00 in a report on Friday, December 16th. Barclays lifted their target price on shares of Federal Realty Investment Trust from $114.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Finally, Raymond James reduced their price target on shares of Federal Realty Investment Trust from $130.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 4th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

Federal Realty Investment Trust Profile

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Federal Realty Investment Trust operates as an equity real estate investment trust. It owns, manages, and re-develops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.