ABC Arbitrage SA Purchases New Shares in Federal Realty Investment Trust (NYSE:FRT)

ABC Arbitrage SA acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,191 shares of the real estate investment trust's stock, valued at approximately $1,365,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Federal Realty Investment Trust in the second quarter valued at about $228,000. CWM LLC boosted its position in 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 valued at $129,000 after buying an additional 110 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Federal Realty Investment Trust by 44.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,967 shares of the real estate investment trust's stock worth $226,000 after purchasing an additional 601 shares during the last quarter. Creative Planning boosted its stake in Federal Realty Investment Trust by 18.8% in the third quarter. Creative Planning now owns 7,784 shares of the real estate investment trust's stock valued at $895,000 after acquiring an additional 1,230 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FRT. Wells Fargo & Company cut 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. Stifel Nicolaus cut their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a report on Friday, February 14th. Scotiabank raised their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Raymond James cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.23.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $0.41 during mid-day trading on Wednesday, reaching $105.12. The company had a trading volume of 682,202 shares, compared to its average volume of 746,119. The company's 50 day simple moving average is $108.88 and its 200 day simple moving average is $112.07. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced 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 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%. Analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.19%. Federal Realty Investment Trust's dividend payout ratio is 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.