Sound Financial Strategies Group LLC Purchases New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Sound Financial Strategies Group LLC bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,928 shares of the real estate investment trust's stock, valued at approximately $888,000. Federal Realty Investment Trust comprises 0.7% of Sound Financial Strategies Group LLC's investment portfolio, making the stock its 19th largest holding.

Several other institutional investors have also added to or reduced their stakes in FRT. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth $36,000. Venturi Wealth Management LLC raised its holdings in 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 period. Smartleaf Asset Management LLC raised its holdings in Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 111 shares during the period. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock worth $149,000 after purchasing an additional 137 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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Federal Realty Investment Trust Price Performance

Shares of FRT stock traded up $0.28 during mid-day trading on Friday, hitting $101.21. 630,698 shares of the stock were exchanged, compared to its average volume of 721,959. The firm has a fifty day moving average of $106.56 and a 200 day moving average of $111.28. 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 $95.97 and a 52-week high of $118.34. The company has a market cap of $8.67 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $311.85 million. Research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FRT. Scotiabank reduced their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Mizuho dropped their target price on 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. Finally, StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $121.00.

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.