10,059 Shares in Federal Realty Investment Trust (NYSE:FRT) Purchased by Summit Financial LLC

Summit Financial LLC bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,059 shares of the real estate investment trust's stock, valued at approximately $1,126,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $810,544,000. Janus Henderson Group PLC raised its stake in shares of Federal Realty Investment Trust by 1,463.8% during the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust's stock valued at $70,251,000 after buying an additional 572,008 shares during the last quarter. FMR LLC lifted its holdings in shares of Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock valued at $65,856,000 after buying an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust's stock worth $69,544,000 after buying an additional 496,129 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Federal Realty Investment Trust during the third quarter worth about $26,548,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

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Federal Realty Investment Trust Price Performance

Shares of FRT traded down $3.70 during trading hours on Friday, hitting $88.98. 1,326,078 shares of the stock were exchanged, compared to its average volume of 655,726. The stock's 50-day moving average price is $102.73 and its two-hundred day moving average price is $108.68. Federal Realty Investment Trust has a 12-month low of $88.71 and a 12-month high of $118.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 25.94, 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 released 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. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is currently 128.28%.

Wall Street Analyst Weigh In

Several research firms have commented on FRT. Raymond James lowered their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus cut their price objective on shares of 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. Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Citigroup restated a "neutral" rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Finally, Wells Fargo & Company lowered their price target 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.