Proficio Capital Partners LLC Buys Shares of 24,853 Federal Realty Investment Trust (NYSE:FRT)

Proficio Capital Partners LLC purchased a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,853 shares of the real estate investment trust's stock, valued at approximately $2,782,000.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust during the third quarter valued at $36,000. Venturi Wealth Management LLC boosted its stake 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 valued at $53,000 after acquiring an additional 333 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 137 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after acquiring an additional 175 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Federal Realty Investment Trust by 11.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,436 shares of the real estate investment trust's stock valued at $161,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

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Wall Street Analysts Forecast Growth

FRT has been the topic of a number of analyst reports. 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 note on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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. Stifel Nicolaus lowered their price target 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 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 report on Tuesday, February 18th. Finally, Mizuho lowered their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Federal Realty Investment Trust Trading Up 0.3 %

Shares of NYSE:FRT traded up $0.28 during trading on Friday, reaching $101.21. 630,698 shares of the stock were exchanged, compared to its average volume of 721,959. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The firm's 50-day moving average price is $106.56 and its 200 day moving average price is $111.28.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.35%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 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.