OFI Invest Asset Management purchased a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,652 shares of the real estate investment trust's stock, valued at approximately $503,000.
Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings 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 buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Federal Realty Investment Trust by 25.0% in 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 in the last quarter. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Federal Realty Investment Trust by 11.5% in the 4th 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 in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock worth $159,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a report on Friday, February 14th. Raymond James dropped their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.77.
Get Our Latest Research Report on FRT
Federal Realty Investment Trust Trading Down 2.6 %
Shares of NYSE:FRT traded down $2.49 during midday trading on Thursday, hitting $94.63. The company had a trading volume of 1,062,948 shares, compared to its average volume of 736,189. Federal Realty Investment Trust has a 12 month low of $94.58 and a 12 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 stock has a market cap of $8.11 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.20 and a beta of 1.27. The firm has a fifty day simple moving average of $105.77 and a 200 day simple moving average of $110.93.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted 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 firm had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, analysts predict 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 will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.65%. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.
About Federal Realty Investment Trust
(
Free Report)
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.
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