Federal Realty Investment Trust (NYSE:FRT) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 28.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,407 shares of the real estate investment trust’s stock after selling 2,502 shares during the period. NewEdge Wealth LLC’s holdings in Federal Realty Investment Trust were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Federal Realty Investment Trust during the third quarter worth approximately $2,465,000. Royal London Asset Management Ltd. lifted its position in shares of Federal Realty Investment Trust by 1.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock worth $3,982,000 after buying an additional 545 shares during the last quarter. FMR LLC lifted its position in shares of Federal Realty Investment Trust by 195.8% during the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock worth $12,309,000 after buying an additional 89,898 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of Federal Realty Investment Trust by 13.1% in the 4th quarter. Sandy Spring Bank now owns 3,870 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 449 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Federal Realty Investment Trust by 4.4% in the 3rd quarter. UBS Group AG now owns 155,823 shares of the real estate investment trust’s stock valued at $14,122,000 after buying an additional 6,552 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 1.6 %

NYSE FRT opened at $96.47 on Wednesday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $8.00 billion, a P/E ratio of 34.45, a P/E/G ratio of 2.83 and a beta of 1.21. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $107.61. The firm has a 50-day moving average price of $100.34 and a 200 day moving average price of $97.99.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.58 earnings per share. Equities research analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 155.71%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FRT. Deutsche Bank Aktiengesellschaft started coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $109.00 price target for the company. Wells Fargo & Company raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $110.00 to $112.00 in a research report on Thursday, February 29th. Truist Financial reaffirmed a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Scotiabank decreased their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Finally, Barclays raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $112.60.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.