Algert Global LLC Acquires 72,491 Shares of Federal Realty Investment Trust (NYSE:FRT)

Algert Global LLC lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 161.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,319 shares of the real estate investment trust’s stock after purchasing an additional 72,491 shares during the quarter. Algert Global LLC owned 0.14% of Federal Realty Investment Trust worth $13,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in Federal Realty Investment Trust during the 4th quarter valued at about $810,544,000. Centersquare Investment Management LLC grew its position in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock worth $116,654,000 after purchasing an additional 941,414 shares during the period. Invesco Ltd. raised its stake in Federal Realty Investment Trust by 41.4% during the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after buying an additional 893,258 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Federal Realty Investment Trust by 73.4% during the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock valued at $138,231,000 after buying an additional 522,531 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at $40,641,000. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Raymond James lowered their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $96.52 on Friday. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.20 and a beta of 1.08. The firm has a fifty day moving average price of $95.72 and a 200 day moving average price of $105.48. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. 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 (NYSE:FRT) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared 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 4.56%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 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.