Franklin Resources Inc. Purchases 25,551 Shares of Federal Realty Investment Trust (NYSE:FRT)

Franklin Resources Inc. lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 204.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,051 shares of the real estate investment trust's stock after acquiring an additional 25,551 shares during the quarter. Franklin Resources Inc.'s holdings in Federal Realty Investment Trust were worth $4,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its position in Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 111 shares during the period. Park Avenue Securities LLC increased its position in shares of Federal Realty Investment Trust by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock valued at $533,000 after buying an additional 125 shares during the period. Keybank National Association OH raised its stake in Federal Realty Investment Trust by 5.1% in the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock worth $293,000 after buying an additional 128 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its holdings in Federal Realty Investment Trust by 11.5% in 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 buying an additional 137 shares during the period. Institutional investors own 93.86% of the company's stock.

Remove Ads

Federal Realty Investment Trust Stock Up 0.4 %

Shares of NYSE FRT traded up $0.40 during midday trading on Wednesday, hitting $92.70. The stock had a trading volume of 60,994 shares, compared to its average volume of 671,974. The business's 50 day moving average is $99.10 and its 200-day moving average is $107.07. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $7.95 billion, a P/E ratio of 26.97, a PEG ratio of 2.20 and a beta of 1.08.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) 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 business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. As a group, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.75%. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Mizuho reduced 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. Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Citigroup reissued a "neutral" rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Raymond James reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, Scotiabank decreased 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 research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.