Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,289 shares of the real estate investment trust's stock after acquiring an additional 12,387 shares during the quarter. LPL Financial LLC owned about 0.10% of Federal Realty Investment Trust worth $9,324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after purchasing an additional 168,885 shares in the last quarter. Vert Asset Management LLC increased its position in shares of Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock valued at $3,697,000 after acquiring an additional 3,617 shares during the period. Principal Financial Group Inc. raised its stake in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Blue Trust Inc. lifted its position in Federal Realty Investment Trust by 14.5% during the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock worth $159,000 after acquiring an additional 175 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Federal Realty Investment Trust by 45.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 1,012 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

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Federal Realty Investment Trust Price Performance

FRT traded up $6.84 during trading on Wednesday, hitting $90.40. The company's stock had a trading volume of 1,783,633 shares, compared to its average volume of 669,109. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 1.08. The business's fifty day simple moving average is $100.56 and its 200 day simple moving average is $107.72. Federal Realty Investment Trust has a twelve month low of $80.95 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released 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 firm had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.87%. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FRT. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Raymond James reduced their price target 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, February 18th. Wells Fargo & Company dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus reduced their target price on shares of 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. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.00.

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.