Massachusetts Financial Services Co. MA Sells 12,587 Shares of Federal Realty Investment Trust (NYSE:FRT)

Massachusetts Financial Services Co. MA decreased its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,947,728 shares of the real estate investment trust's stock after selling 12,587 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.35% of Federal Realty Investment Trust worth $218,048,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of Federal Realty Investment Trust by 244.9% during the fourth 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 boosted 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 purchasing an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in 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 period. Headlands Technologies LLC purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $91,000. Finally, Hopwood Financial Services Inc. bought a new stake in Federal Realty Investment Trust in the fourth quarter worth about $101,000. Institutional investors own 93.86% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently commented on FRT. Citigroup reaffirmed a "neutral" rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Stifel Nicolaus lowered their price objective on 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. Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Truist Financial lowered Federal Realty Investment Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Federal Realty Investment Trust Trading Up 8.2 %

Shares of NYSE:FRT traded up $6.84 during midday trading on Wednesday, hitting $90.40. 1,783,633 shares of the stock traded hands, compared to its average volume of 669,109. The business's 50 day moving average is $100.56 and its two-hundred day moving average is $107.72. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The stock has a market capitalization of $7.75 billion, a PE ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 1.08. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is 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.