Federal Realty Investment Trust (NYSE:FRT) Stock Position Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,605,950 shares of the real estate investment trust's stock after selling 280,042 shares during the period. JPMorgan Chase & Co. owned 5.55% of Federal Realty Investment Trust worth $515,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust in the third quarter valued at about $36,000. Venturi Wealth Management LLC boosted its stake in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 333 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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. Hopwood Financial Services Inc. acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $101,000. Finally, Jackson Grant Investment Advisers Inc. raised its holdings in shares of 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 last quarter. Institutional investors own 93.86% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on FRT. Mizuho dropped their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. 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. Raymond James cut 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, Citigroup reissued a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.62.

Federal Realty Investment Trust Trading Down 4.8 %

Shares of Federal Realty Investment Trust stock traded down $4.74 during mid-day trading on Thursday, hitting $94.34. 348,815 shares of the stock were exchanged, compared to its average volume of 762,546. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a twelve month low of $92.90 and a twelve month high of $118.34. 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 company has a 50-day simple moving average of $103.33 and a 200 day simple moving average of $108.99.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released 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 business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Research analysts forecast 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. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.66%. Federal Realty Investment Trust's 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.