Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,414 shares of the real estate investment trust's stock after selling 113,986 shares during the period. Renaissance Technologies LLC owned about 0.20% of Federal Realty Investment Trust worth $18,294,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at $810,544,000. Centersquare Investment Management LLC lifted its position in shares of Federal Realty Investment Trust by 935.8% in the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock worth $116,654,000 after purchasing an additional 941,414 shares in the last quarter. Invesco Ltd. raised its stake 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 acquiring an additional 893,258 shares during the period. Vanguard Group Inc. grew its holdings in Federal Realty Investment Trust by 1.7% in 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after buying an additional 168,885 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho dropped their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Raymond James lowered their price target on shares of 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. Wells Fargo & Company reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Scotiabank dropped their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $116.00.

Federal Realty Investment Trust Stock Down 0.2 %

Federal Realty Investment Trust stock traded down $0.17 during trading hours on Wednesday, reaching $92.13. The stock had a trading volume of 636,605 shares, compared to its average volume of 674,706. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The business's 50 day moving average price is $98.72 and its 200-day moving average price is $106.96. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Sell-side analysts anticipate 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 was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.78%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

Federal Realty Investment Trust Company 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.