Sigma Planning Corp Has $419,000 Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Sigma Planning Corp lowered its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 62.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,064 shares of the real estate investment trust’s stock after selling 6,763 shares during the quarter. Sigma Planning Corp’s holdings in Federal Realty Investment Trust were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FRT. CWM LLC raised its stake in Federal Realty Investment Trust by 15.0% in the third quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 137 shares in the last quarter. Oak Thistle LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at about $702,000. Czech National Bank raised its stake in Federal Realty Investment Trust by 47.7% in the third quarter. Czech National Bank now owns 12,823 shares of the real estate investment trust’s stock valued at $1,162,000 after purchasing an additional 4,139 shares in the last quarter. Xponance Inc. raised its stake in Federal Realty Investment Trust by 2.4% in the third quarter. Xponance Inc. now owns 11,323 shares of the real estate investment trust’s stock valued at $1,026,000 after purchasing an additional 260 shares in the last quarter. Finally, Raymond James & Associates grew its position in Federal Realty Investment Trust by 5.5% in the third quarter. Raymond James & Associates now owns 132,153 shares of the real estate investment trust’s stock valued at $11,977,000 after acquiring an additional 6,909 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $102.19 on Friday. The stock’s 50 day moving average is $100.27 and its 200 day moving average is $98.49. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a market cap of $8.48 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.97 and a beta of 1.21. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $107.61.

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

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of recent analyst reports. Barclays lifted their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Mizuho decreased their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Bank of America lifted their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Truist Financial reiterated a “buy” rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.70.

About Federal Realty Investment Trust

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.