Proficio Capital Partners LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 24,853 shares of the real estate investment trust's stock, valued at approximately $2,782,000.
A number of other institutional investors have also added to or reduced their stakes in FRT. KBC Group NV raised its stake in Federal Realty Investment Trust by 11.8% during the 3rd quarter. KBC Group NV now owns 1,929 shares of the real estate investment trust's stock worth $222,000 after buying an additional 204 shares during the period. CIBC Asset Management Inc raised its stake in Federal Realty Investment Trust by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 10,753 shares of the real estate investment trust's stock worth $1,236,000 after buying an additional 850 shares during the period. Prudent Man Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust in the third quarter worth approximately $211,000. LMR Partners LLP purchased a new stake in shares of Federal Realty Investment Trust in the third quarter worth approximately $416,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Federal Realty Investment Trust by 5.6% in the third quarter. PNC Financial Services Group Inc. now owns 31,426 shares of the real estate investment trust's stock worth $3,613,000 after purchasing an additional 1,664 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.
Federal Realty Investment Trust Trading Down 2.3 %
Shares of FRT traded down $2.29 during trading hours on Friday, hitting $95.03. The company had a trading volume of 1,674,845 shares, compared to its average volume of 603,850. The firm has a market cap of $8.14 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.20 and a beta of 1.27. The stock's 50 day moving average price is $104.47 and its 200 day moving average price is $110.06. 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 has a 52-week low of $94.58 and a 52-week 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 EPS for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate 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, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.
Federal Realty Investment Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.63%. Federal Realty Investment Trust's payout ratio is presently 128.28%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on FRT. Truist Financial downgraded Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Mizuho lowered their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Stifel Nicolaus decreased their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, Raymond James decreased 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.77.
Get Our Latest Analysis on FRT
Federal Realty Investment Trust Profile
(
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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