Bank of Montreal Can Grows Stake in Federal Realty Investment Trust (NYSE:FRT)

Bank of Montreal Can grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 215,569 shares of the real estate investment trust's stock after purchasing an additional 31,272 shares during the period. Bank of Montreal Can owned about 0.26% of Federal Realty Investment Trust worth $24,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FRT. Vanguard Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock worth $1,459,947,000 after buying an additional 218,671 shares in the last quarter. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $810,544,000. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after purchasing an additional 168,885 shares in the last quarter. Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock valued at $227,457,000 after purchasing an additional 77,783 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Federal Realty Investment Trust by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,285,189 shares of the real estate investment trust's stock worth $143,877,000 after buying an additional 37,274 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

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Wall Street Analyst Weigh In

FRT has been the topic of several analyst reports. Scotiabank dropped their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Mizuho lowered their price objective 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. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Citigroup restated a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $116.00.

Federal Realty Investment Trust Stock Up 2.2 %

FRT traded up $2.03 during trading on Thursday, hitting $94.10. 150,835 shares of the company's stock were exchanged, compared to its average volume of 672,671. The stock has a market cap of $8.07 billion, a P/E ratio of 27.41, a PEG ratio of 2.20 and a beta of 1.08. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The business's 50 day moving average is $98.72 and its two-hundred day moving average is $106.96.

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. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. As a group, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.68%. Federal Realty Investment Trust's dividend payout ratio 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.