Mirae Asset Global Investments Co. Ltd. Sells 2,051 Shares of Federal Realty Investment Trust (NYSE:FRT)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,021 shares of the real estate investment trust’s stock after selling 2,051 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $2,269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Michigan Retirement System increased its stake in shares of Federal Realty Investment Trust by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after purchasing an additional 100 shares during the last quarter. Creative Planning increased its stake in shares of Federal Realty Investment Trust by 3.9% during the 2nd quarter. Creative Planning now owns 2,840 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 106 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Federal Realty Investment Trust by 14.4% during the 3rd quarter. Lazard Asset Management LLC now owns 1,006 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 127 shares during the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of Federal Realty Investment Trust by 0.6% during the 1st quarter. Peapack Gladstone Financial Corp now owns 21,697 shares of the real estate investment trust’s stock worth $2,144,000 after purchasing an additional 128 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Federal Realty Investment Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock worth $3,310,000 after purchasing an additional 130 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $99.77 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $8.28 billion, a P/E ratio of 35.63, a P/E/G ratio of 2.75 and a beta of 1.21. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61. The firm has a 50-day moving average price of $100.16 and a two-hundred day moving average price of $98.07.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same period last year, the company posted $1.58 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on FRT. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Barclays upped their price target on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft began coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $109.00 price target on the stock. Bank of America upped their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Scotiabank decreased their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.60.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.