Apg Asset Management US 13F: Cuts FRT Stake by $5.1M

Apg Asset Management US has reduced its position in Federal Realty Investment Trust (NYSE: FRT) by 13.1%, according to its latest 13F filing with the SEC. The fund sold 41,221 shares, bringing its total to 273,311 shares valued at approximately $34.39 million as of the reporting period.

What Changed in Apg Asset Management US's Federal Realty Investment Trust Position

The filing reveals that Apg Asset Management US trimmed its holdings in Federal Realty Investment Trust from 314,532 shares to 273,311 shares. This reduction of 41,221 shares represents a 13.1% decrease in its stake, with the remaining shares valued at about $34.39 million.

Other Institutional Activity in Federal Realty Investment Trust

Among other institutional investors, BlackRock, Inc. reduced its stake by 33,674 shares, ending with 8,642,048 shares valued at approximately $917.87 million. Vanguard Portfolio Management LLC added a substantial 7,283,403 shares, bringing its total to the same number, valued at $773.57 million. Meanwhile, State Street Corp decreased its holdings by 185,861 shares, leaving it with 6,378,740 shares worth $677.49 million. Resolution Capital Ltd increased its position by 340,524 shares, resulting in 3,644,575 shares valued at $387.09 million.

Federal Realty Investment Trust Stock Up 11.3%

Shares of Federal Realty Investment Trust (NYSE: FRT) traded near $125.84. The company has a market cap of $10.87 billion, a P/E ratio of 21.77, and a forward P/E of 40.53. Its beta is 0.94, indicating lower volatility compared to the market. The stock's 52-week range is between $89.99 and $126.41, with a 50-day moving average of $115.01 and a 200-day moving average of $104.71.

Recent Earnings

Federal Realty reported revenue of approximately $1.31 billion, with a revenue growth of 10.3%. The company achieved a net margin of 38.57% and a return on equity of 14.78%. Earnings per share stood at $5.78. The next earnings release is scheduled for July 31, 2026.

Dividend

Federal Realty Investment Trust offers an annual dividend rate of $4.52, yielding 3.59%. The dividend payout ratio is 77.82%, reflecting the company's commitment to returning value to shareholders.

Insider Buying and Selling at Federal Realty Investment Trust

On June 3, 2026, CEO and President Donald Wood executed both buy and sell transactions involving 37,038 shares. Additionally, Thomas McEachin engaged in similar transactions with 1,339 shares on the same day. Earlier, on February 12, 2026, Donald Wood sold 28,211 shares at an average price of $104.75, while EVP-CFO and Treasurer Daniel Guglielmone sold 4,438 shares at the same price.

Analysts Set New Price Targets

Analysts have recently adjusted their outlook on Federal Realty Investment Trust. On June 1, 2026, Mizuho upgraded the stock to a 'buy' with a price target of $130. B of A Securities maintained a 'buy' rating with a $128 target on May 29, 2026. Truist Securities and Barclays both held their 'hold' ratings, with targets of $118 and $120, respectively.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a leading real estate investment trust specializing in high-quality retail-based properties. Headquartered in North Bethesda, Maryland, the company focuses on major coastal markets and underserved regions with strong economic fundamentals. Federal Realty's portfolio includes open-air shopping centers and mixed-use destinations like Santana Row and Assembly Row. The company is known for its long-term growth strategy and has increased dividends for 58 consecutive years, a record in the REIT industry.

Bottom Line

Apg Asset Management US's reduction in its Federal Realty Investment Trust position is a notable move among institutional investors. Federal Realty continues to be a significant player in the retail REIT sector, with a strong track record of dividend growth and a robust portfolio. As always, it's important for investors to remember that 13F filings reflect past positions and may not indicate current holdings.