Fri Sep 20 12:31:57 UTC 2024: ## Edgestream Partners Invests in Federal Realty Investment Trust, Institutional Investors Follow Suit

**New York, NY (MarketBeat News) -** Edgestream Partners L.P. has taken a new position in Federal Realty Investment Trust (NYSE: FRT), purchasing 19,621 shares valued at approximately $1,981,000 during the second quarter, according to the company’s recent SEC filing. This move has been followed by other institutional investors, highlighting growing interest in the real estate investment trust.

Vanguard Group Inc. increased its stake in FRT by 1.5% in the first quarter, owning 12,731,109 shares worth $1,300,101,000. Meanwhile, Massachusetts Financial Services Co. MA expanded its holdings by 4.7% in the second quarter, now possessing 1,994,209 shares valued at $201,355,000.

Other notable investments include an increase of 0.8% in the second quarter by Dimensional Fund Advisors LP, bringing their ownership to 1,138,967 shares worth $115,000,000. Vest Financial LLC also raised its stake by 19.1% in the second quarter, currently owning 430,051 shares valued at $43,422,000.

In addition to these institutional investors, Goldman Sachs Group Inc. boosted its position in FRT by 29.6% during the fourth quarter, holding 407,585 shares worth $42,002,000. Institutional investors now own a significant 93.86% of the company’s stock.

FRT shares opened at $114.22 on Friday, with a market capitalization of $9.47 billion. The company announced a quarterly dividend of $1.10, payable on October 15th to shareholders of record on October 1st. This represents a 3.85% yield and a boost from the previous quarterly dividend.

While CEO Donald C. Wood sold 5,937 shares on September 9th and 30,292 shares on September 5th, the overall sentiment from analysts remains positive. Evercore ISI, JPMorgan Chase & Co., Mizuho, Raymond James, and Truist Financial have all raised their price targets on FRT, with eleven analysts issuing a “buy” rating and three recommending a “hold.” MarketBeat currently assigns an average rating of “Moderate Buy” with a consensus target price of $122.85.

Federal Realty Investment Trust is a leading real estate company focused on owning, operating, and redeveloping high-quality retail properties in major coastal markets. Their commitment to investing in communities where retail demand exceeds supply has driven their long-term growth.

Read More