Federal Realty Investment Trust (NYSE:FRT) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,837 shares of the real estate investment trust's stock after purchasing an additional 5,158 shares during the quarter. Cibc World Markets Corp's holdings in Federal Realty Investment Trust were worth $3,452,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $36,000. Venturi Wealth Management LLC increased its position in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after buying an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 111 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $101,000. Finally, Jackson Grant Investment Advisers Inc. grew its position in shares of 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 worth $149,000 after acquiring an additional 137 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

FRT has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Mizuho dropped their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.77.

Federal Realty Investment Trust Price Performance

Shares of FRT traded down $0.55 during trading hours on Tuesday, reaching $97.71. The company had a trading volume of 909,516 shares, compared to its average volume of 606,420. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34. The firm has a 50 day simple moving average of $104.37 and a 200-day simple moving average of $109.87. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (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 net margin of 24.38% and a return on equity of 9.89%. Research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current 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 given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is currently 128.28%.

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.