Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 77.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,677 shares of the real estate investment trust’s stock after buying an additional 2,908 shares during the period. NewEdge Advisors LLC’s holdings in Federal Realty Investment Trust were worth $748,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. FIL Ltd increased its position in shares of Federal Realty Investment Trust by 0.3% during the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after acquiring an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 110 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 111 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Federal Realty Investment Trust by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 125 shares in the last quarter. Finally, Keybank National Association OH increased its stake in shares of Federal Realty Investment Trust by 5.1% in the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on FRT shares. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Scotiabank reduced their price target on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Citigroup reaffirmed a “neutral” rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. lowered their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $94.42 on Friday. The firm has a fifty day moving average of $96.73 and a 200-day moving average of $106.07. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.