Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,520 shares of the real estate investment trust's stock after purchasing an additional 3,104 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Federal Realty Investment Trust were worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in FRT. Venturi Wealth Management LLC increased its stake in shares of 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 acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after buying an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Federal Realty Investment Trust by 592.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 592 shares in the last quarter. Headlands Technologies LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter worth approximately $91,000. Finally, Hopwood Financial Services Inc. purchased a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $101,000. 93.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FRT shares. Raymond James cut their target price 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. Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Stifel Nicolaus cut their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a report on Friday, February 14th. 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 research note on Friday, March 28th. Finally, StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $116.00.

Federal Realty Investment Trust Stock Performance

FRT stock traded down $1.09 during trading on Friday, hitting $94.42. 418,256 shares of the company traded hands, compared to its average volume of 678,589. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $8.10 billion, a PE ratio of 27.53, a P/E/G ratio of 2.20 and a beta of 1.08. The stock's 50-day simple moving average is $96.73 and its 200 day simple moving average is $106.11. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.

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 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 company had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.66%. Federal Realty Investment Trust's payout ratio is currently 128.28%.

About Federal Realty Investment Trust

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.