Focus Partners Wealth Raises Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Focus Partners Wealth raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,317 shares of the real estate investment trust’s stock after buying an additional 572 shares during the period. Focus Partners Wealth’s holdings in Federal Realty Investment Trust were worth $2,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FRT. FIL Ltd boosted its stake in shares of Federal Realty Investment Trust by 0.3% during the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock valued at $3,984,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in 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. Park Avenue Securities LLC increased its position in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock worth $533,000 after purchasing an additional 125 shares during the last quarter. Finally, Keybank National Association OH raised its stake in shares of Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 128 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho lowered their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Scotiabank lowered their target price on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $96.67 on Friday. The company has a 50-day moving average price of $94.35 and a two-hundred day moving average price of $104.41. 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 $8.29 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. 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 issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. The business had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. Analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

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 paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 126.07%.

About Federal Realty Investment Trust

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.