Geode Capital Management LLC Has $227.46 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Geode Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,033,880 shares of the real estate investment trust's stock after buying an additional 77,783 shares during the quarter. Geode Capital Management LLC owned 2.45% of Federal Realty Investment Trust worth $227,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 592 shares during the last quarter. Hopwood Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at approximately $101,000. Finally, Jackson Grant Investment Advisers Inc. boosted its holdings 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 valued at $149,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 93.86% of the company's stock.

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Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock traded down $2.83 during trading on Thursday, reaching $87.55. The company's stock had a trading volume of 377,907 shares, compared to its average volume of 820,079. The business's fifty day moving average price is $100.56 and its 200-day moving average price is $107.72. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. 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 issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. As a group, equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is 128.28%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FRT shares. StockNews.com raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank cut 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 research report on Friday, February 28th. Citigroup reiterated a "neutral" rating and issued a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Raymond James dropped their price target on 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, Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Federal Realty Investment Trust 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.