Raymond James Financial Inc. Acquires Shares of 153,525 Federal Realty Investment Trust (NYSE:FRT)

Raymond James Financial Inc. acquired a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 153,525 shares of the real estate investment trust's stock, valued at approximately $17,187,000. Raymond James Financial Inc. owned about 0.19% of Federal Realty Investment Trust as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust in the third quarter worth about $36,000. Venturi Wealth Management LLC lifted 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 period. Smartleaf Asset Management LLC boosted its position in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its position in Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock valued at $149,000 after buying an additional 137 shares during the period. Finally, Blue Trust Inc. increased its holdings in Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 175 shares in the last quarter. Institutional investors own 93.86% of the company's stock.

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Federal Realty Investment Trust Trading Down 2.3 %

Shares of NYSE FRT traded down $2.29 during trading on Friday, reaching $95.03. The stock had a trading volume of 1,661,430 shares, compared to its average volume of 604,987. The business's 50-day moving average price is $104.60 and its 200-day moving average price is $110.20. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two 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 has a market cap of $8.14 billion, a P/E ratio of 27.71, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. On average, equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company dropped their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Mizuho decreased their price target on shares of 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. Raymond James cut their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Truist Financial downgraded Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and a consensus price target of $119.77.

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.