New Age Alpha Advisors LLC Buys Shares of 8,702 Federal Realty Investment Trust (NYSE:FRT)

New Age Alpha Advisors LLC acquired a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,702 shares of the real estate investment trust's stock, valued at approximately $974,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FRT. JPMorgan Chase & Co. lifted its position in Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Vert Asset Management LLC raised its holdings in Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock valued at $3,697,000 after buying an additional 3,617 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock valued at $10,727,000 after buying an additional 7,501 shares during the last quarter. Blue Trust Inc. boosted its position in Federal Realty Investment Trust by 14.5% during the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 175 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Federal Realty Investment Trust by 45.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust's stock worth $373,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and dropped their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Raymond James decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Citigroup reissued a "neutral" rating and issued a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Finally, Mizuho dropped their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and a consensus target price of $116.62.

Federal Realty Investment Trust Price Performance

Shares of FRT traded down $3.70 during mid-day trading on Friday, reaching $88.98. The stock had a trading volume of 1,326,078 shares, compared to its average volume of 655,726. The business has a fifty day moving average of $102.73 and a 200 day moving average of $108.68. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 12 month low of $88.71 and a 12 month high of $118.34.

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

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.95%. Federal Realty Investment Trust's payout ratio is 128.28%.

Federal Realty Investment Trust 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.