Sei Investments Co. Buys 18,790 Shares of Federal Realty Investment Trust (NYSE:FRT)

Sei Investments Co. boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,208 shares of the real estate investment trust's stock after acquiring an additional 18,790 shares during the quarter. Sei Investments Co. owned 0.51% of Federal Realty Investment Trust worth $46,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRT. PNC Financial Services Group Inc. increased its holdings in 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 valued at $3,613,000 after purchasing an additional 1,664 shares during the period. Commerce Bank acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at about $219,000. Charles Schwab Investment Management Inc. increased its stake in shares of Federal Realty Investment Trust by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust's stock valued at $143,473,000 after buying an additional 42,209 shares during the period. Citigroup Inc. raised its position in shares of Federal Realty Investment Trust by 65.7% during the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust's stock worth $27,598,000 after acquiring an additional 95,185 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Federal Realty Investment Trust by 47.0% in the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust's stock worth $504,000 after acquiring an additional 1,401 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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Federal Realty Investment Trust Stock Down 0.6 %

Shares of NYSE FRT traded down $0.55 during midday trading on Tuesday, hitting $97.71. 938,416 shares of the stock traded hands, compared to its average volume of 606,932. 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 one year low of $94.58 and a one year high of $118.34. The business has a 50 day moving average price of $104.37 and a two-hundred day moving average price of $109.87. The company has a market cap of $8.37 billion, a PE ratio of 28.49, a P/E/G ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $311.85 million. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.50%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 128.28%.

Wall Street Analysts Forecast Growth

FRT has been the subject of several analyst reports. Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price target for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Mizuho lowered their target price on shares of 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. Scotiabank cut their price target 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. Wells Fargo & Company decreased their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of $119.77.

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.