Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,083 shares of the real estate investment trust's stock after selling 80,608 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.64% of Federal Realty Investment Trust worth $59,231,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Federal Realty Investment Trust by 80.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 119,993 shares of the real estate investment trust's stock worth $13,433,000 after purchasing an additional 53,474 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $5,012,000. Wells Fargo & Company MN raised its holdings in shares of Federal Realty Investment Trust by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 905,884 shares of the real estate investment trust's stock valued at $101,414,000 after acquiring an additional 38,227 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Federal Realty Investment Trust by 935.8% in the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock valued at $116,654,000 after acquiring an additional 941,414 shares in the last quarter. Finally, World Investment Advisors boosted its stake in shares of Federal Realty Investment Trust by 305.5% in the fourth quarter. World Investment Advisors now owns 7,778 shares of the real estate investment trust's stock worth $871,000 after acquiring an additional 5,860 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FRT shares. JPMorgan Chase & Co. dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Raymond James cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Scotiabank lowered their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Truist Financial lowered Federal Realty Investment Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Federal Realty Investment Trust Stock Up 1.5 %

Federal Realty Investment Trust stock traded up $1.32 during trading on Friday, reaching $90.28. The stock had a trading volume of 949,417 shares, compared to its average volume of 672,923. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The stock has a market cap of $7.74 billion, a PE ratio of 26.32, a P/E/G ratio of 2.20 and a beta of 1.08. The business has a 50 day moving average price of $99.81 and a 200 day moving average price of $107.37.

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, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. On average, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. 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 dividend payout ratio (DPR) is presently 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.