153,525 Shares in Federal Realty Investment Trust (NYSE:FRT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 153,525 shares of the real estate investment trust's stock, valued at approximately $17,187,000. Raymond James Financial Inc. owned 0.19% of Federal Realty Investment Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after buying an additional 218,671 shares during the period. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the 4th quarter worth $810,544,000. JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Invesco Ltd. raised its holdings in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after buying an additional 893,258 shares during the period. Finally, Geode Capital Management LLC lifted its position in Federal Realty Investment Trust by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock valued at $227,457,000 after buying an additional 77,783 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded up $1.18 during trading hours on Thursday, reaching $95.85. The stock had a trading volume of 728,911 shares, compared to its average volume of 826,995. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The firm has a 50-day moving average of $97.12 and a 200-day moving average of $106.31. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Analyst Ratings Changes

Several equities analysts have recently commented on FRT shares. Stifel Nicolaus decreased their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Citigroup restated a "neutral" rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Raymond James decreased their price objective on 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

About Federal Realty Investment Trust

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.