Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 44.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,690 shares of the real estate investment trust’s stock after selling 13,278 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Federal Realty Investment Trust were worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FRT. RB Capital Management LLC purchased a new stake in Federal Realty Investment Trust during the first quarter worth about $272,000. American Century Companies Inc. increased its stake in Federal Realty Investment Trust by 119.6% during the 1st quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock worth $2,376,000 after buying an additional 10,601 shares during the period. MetLife Investment Management LLC lifted its holdings in Federal Realty Investment Trust by 25.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock worth $2,368,000 after buying an additional 3,929 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Federal Realty Investment Trust by 3.9% in the 1st quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 193 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Federal Realty Investment Trust by 7.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock worth $1,156,000 after acquiring an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Federal Realty Investment Trust Trading Down 1.8 %

NYSE FRT opened at $106.52 on Friday. The firm’s fifty day moving average price is $106.07 and its 200 day moving average price is $101.92. Federal Realty Investment Trust has a 12 month low of $86.43 and a 12 month high of $128.64. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.14.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Friday, December 30th. Federal Realty Investment Trust’s payout ratio is 91.72%.

Analysts Set New Price Targets

Several analysts have recently issued reports on FRT shares. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $118.00 to $115.00 in a research note on Friday, December 16th. Piper Sandler cut Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $115.00 to $112.00 in a research note on Thursday, December 15th. Mizuho lowered their price objective on Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, November 11th. Barclays raised their target price on shares of Federal Realty Investment Trust from $114.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.00.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust operates as an equity real estate investment trust. It owns, manages, and re-develops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.