Edgestream Partners L.P. Has $1.20 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Edgestream Partners L.P. trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 50.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,752 shares of the real estate investment trust's stock after selling 11,125 shares during the period. Edgestream Partners L.P.'s holdings in Federal Realty Investment Trust were worth $1,204,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FRT. Principal Financial Group Inc. raised its position in Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock valued at $10,727,000 after buying an additional 7,501 shares during the period. CWA Asset Management Group LLC acquired a new position in Federal Realty Investment Trust during the third quarter valued at $226,000. Los Angeles Capital Management LLC raised its position in Federal Realty Investment Trust by 1,244.6% during the third quarter. Los Angeles Capital Management LLC now owns 29,137 shares of the real estate investment trust's stock valued at $3,350,000 after buying an additional 26,970 shares during the period. Apollon Wealth Management LLC raised its position in Federal Realty Investment Trust by 5.6% during the third quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 167 shares during the period. Finally, Entropy Technologies LP acquired a new position in Federal Realty Investment Trust during the third quarter valued at $1,437,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts recently weighed in on FRT shares. Scotiabank dropped their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Stifel Nicolaus dropped their target price 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. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.77.

Federal Realty Investment Trust Stock Up 1.5 %

Shares of FRT traded up $1.43 during trading hours on Friday, hitting $96.13. 1,037,011 shares of the company were exchanged, compared to its average volume of 743,759. The company has a market cap of $8.24 billion, a PE ratio of 28.03, a PEG ratio of 2.20 and a beta of 1.27. The firm's 50 day moving average is $105.48 and its 200-day moving average is $110.82. Federal Realty Investment Trust has a 52 week low of $94.58 and a 52 week high of $118.34. 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 (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 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 the consensus estimate of $311.85 million. On average, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.58%. Federal Realty Investment Trust's 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.