Resolution Capital Ltd Has $394.42 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Resolution Capital Ltd increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,523,155 shares of the real estate investment trust’s stock after purchasing an additional 389,266 shares during the period. Federal Realty Investment Trust makes up 7.1% of Resolution Capital Ltd’s holdings, making the stock its 5th biggest holding. Resolution Capital Ltd owned 4.25% of Federal Realty Investment Trust worth $394,417,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Kapitalo Investimentos Ltda acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth about $51,000. Venturi Wealth Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its position 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 worth $62,000 after acquiring an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Federal Realty Investment Trust by 592.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 592 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter valued at approximately $91,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 2.0%

NYSE:FRT opened at $94.95 on Thursday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $8.14 billion, a PE ratio of 27.68, a P/E/G ratio of 2.20 and a beta of 1.10. The firm’s 50 day simple moving average is $94.41 and its 200 day simple moving average is $104.53.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter in the previous year, the business earned $1.64 earnings per share. Federal Realty Investment Trust’s revenue was up 6.1% compared to the same quarter last year. On average, research 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $1.10 dividend. 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 4.63%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 126.07%.

Analysts Set New Price Targets

FRT has been the topic of several recent analyst reports. Mizuho decreased 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. decreased their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Citigroup reissued a “neutral” rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Wells Fargo & Company decreased 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 report on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

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.