GeoWealth Management LLC Has $1.51 Million Stock Position in Federal Realty Investment Trust (NYSE:FRT)

GeoWealth Management LLC boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,443 shares of the real estate investment trust’s stock after purchasing an additional 3,060 shares during the period. GeoWealth Management LLC’s holdings in Federal Realty Investment Trust were worth $1,505,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 244.9% in the 4th 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 last quarter. Smartleaf Asset Management LLC raised its position in Federal Realty Investment Trust by 25.0% during the fourth 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. raised its position in Federal Realty Investment Trust by 592.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 592 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at $91,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $101,000. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FRT shares. Mizuho dropped 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 report on Tuesday, February 25th. Citigroup reaffirmed a “neutral” rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Stifel Nicolaus reduced their target price on 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. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Federal Realty Investment Trust Trading Up 1.7 %

FRT stock opened at $93.61 on Friday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week 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 50-day simple moving average is $98.39 and its 200 day simple moving average is $106.82. The company has a market capitalization of $8.03 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

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.