Invesco Ltd. Acquires 893,258 Shares of Federal Realty Investment Trust (NYSE:FRT)

Invesco Ltd. boosted its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,053,443 shares of the real estate investment trust's stock after acquiring an additional 893,258 shares during the period. Invesco Ltd. owned 3.68% of Federal Realty Investment Trust worth $341,833,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its stake in Federal Realty Investment Trust by 14.7% in the third quarter. HighTower Advisors LLC now owns 34,586 shares of the real estate investment trust's stock valued at $3,978,000 after purchasing an additional 4,441 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Federal Realty Investment Trust by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 66,322 shares of the real estate investment trust's stock valued at $7,625,000 after buying an additional 1,033 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $26,548,000. National Bank of Canada FI increased its holdings in Federal Realty Investment Trust by 6,700.0% in the 3rd quarter. National Bank of Canada FI now owns 1,700 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Barclays PLC raised its stake in Federal Realty Investment Trust by 3.4% in the 3rd quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust's stock valued at $15,232,000 after acquiring an additional 4,324 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

FRT has been the subject of several recent research reports. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their target price 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. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Raymond James dropped their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

Federal Realty Investment Trust Price Performance

FRT stock traded up $0.53 during midday trading on Tuesday, reaching $92.81. The company had a trading volume of 197,370 shares, compared to its average volume of 672,143. The firm has a 50-day moving average price of $99.46 and a 200-day moving average price of $107.17. The company has a market capitalization of $7.96 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick 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 (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 company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share 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 paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.74%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is currently 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.