Federal Realty Investment Trust (NYSE:FRT) Stake Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 634,147 shares of the real estate investment trust's stock after selling 6,974 shares during the period. Bank of New York Mellon Corp owned approximately 0.76% of Federal Realty Investment Trust worth $70,993,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust in the 3rd quarter valued at $36,000. Venturi Wealth Management LLC lifted its position in Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 333 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock worth $149,000 after acquiring an additional 137 shares during the period. Blue Trust Inc. grew its position 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 acquiring an additional 175 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Federal Realty Investment Trust by 11.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,436 shares of the real estate investment trust's stock valued at $161,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

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Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded up $0.63 during midday trading on Friday, hitting $101.56. The company's stock had a trading volume of 226,355 shares, compared to its average volume of 712,199. 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. The firm's fifty day moving average price is $106.76 and its 200-day moving average price is $111.36. The firm has a market cap of $8.70 billion, a P/E ratio of 29.61, a P/E/G ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts' consensus estimates 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 return on equity of 9.89% and a net margin of 24.38%. On average, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 128.28%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Stifel Nicolaus lowered their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price target 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. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company reduced their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.00.

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.