Smith Shellnut Wilson LLC ADV Trims Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Smith Shellnut Wilson LLC ADV trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 11.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,051 shares of the real estate investment trust’s stock after selling 275 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Federal Realty Investment Trust were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Versant Capital Management Inc increased its position in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $30,000. CX Institutional acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $44,000. Kapitalo Investimentos Ltda purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 333 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Up 0.3%

Federal Realty Investment Trust stock opened at $95.62 on Tuesday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.20 and a beta of 1.11. The company’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $101.43. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 126.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FRT shares. Citigroup reiterated a “neutral” rating and issued a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Raymond James dropped their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, May 23rd. Mizuho decreased their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. UBS Group lowered their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.54.

Federal Realty Investment Trust 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.