Legal & General Group Plc Sells 40,967 Shares of Federal Realty Investment Trust (NYSE:FRT)

Legal & General Group Plc reduced its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 689,884 shares of the real estate investment trust's stock after selling 40,967 shares during the quarter. Legal & General Group Plc owned about 0.83% of Federal Realty Investment Trust worth $77,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC increased 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 buying an additional 333 shares during the period. Smartleaf Asset Management LLC grew its stake 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 buying an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Federal Realty Investment Trust by 592.0% in the 4th 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 during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $91,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $101,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

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Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded up $2.05 during trading hours on Thursday, hitting $94.12. 150,835 shares of the stock were exchanged, compared to its average volume of 672,671. Federal Realty Investment Trust has a one year low of $80.65 and a one 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. The firm has a market capitalization of $8.07 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.20 and a beta of 1.08. The company's 50 day moving average is $98.72 and its 200 day moving average is $106.96.

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 EPS for the quarter, hitting 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 the consensus estimate of $311.85 million. On average, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FRT. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Raymond James lowered their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus cut their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

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.