Benjamin Edwards Inc. Increases Holdings in Federal Realty Investment Trust (NYSE:FRT)

Benjamin Edwards Inc. grew its stake in Federal Realty Investment Trust (NYSE:FRT) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,679 shares of the real estate investment trust’s stock after purchasing an additional 181 shares during the quarter. Benjamin Edwards Inc.’s holdings in Federal Realty Investment Trust were worth $748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd raised its position in shares of Federal Realty Investment Trust by 0.3% in the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after purchasing an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Federal Realty Investment Trust by 1.7% during the fourth 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 increased its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 111 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 125 shares in the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 128 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $93.57 on Friday. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year 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. The company’s fifty day moving average price is $94.73 and its 200 day moving average price is $104.87. The company has a market capitalization of $8.03 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same period last year, the company earned $1.64 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.70%. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Analysts Set New Price Targets

FRT has been the topic of several recent research reports. Scotiabank decreased their price target on Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 23rd. Raymond James lowered their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Mizuho cut their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, Stifel Nicolaus decreased their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $116.00.

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.