Kestra Private Wealth Services LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,898 shares of the real estate investment trust's stock, valued at approximately $436,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. boosted its holdings in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock worth $27,000 after buying an additional 107 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth $36,000. Eastern Bank bought a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth $52,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,475.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 594 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 110 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Raymond James cut their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Wells Fargo & Company cut their target price 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. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average target price of $123.23.
View Our Latest Analysis on FRT
Federal Realty Investment Trust Stock Performance
Shares of Federal Realty Investment Trust stock traded up $0.41 during trading hours on Wednesday, hitting $105.12. 724,555 shares of the company's stock traded hands, compared to its average volume of 747,442. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.22 and a beta of 1.24. The company has a fifty day simple moving average of $108.58 and a 200-day simple moving average of $111.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.
Federal Realty Investment Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.
Federal Realty Investment Trust Company Profile
(
Free Report)
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.
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