Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,826 shares of the real estate investment trust’s stock after selling 439 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FRT. CWM LLC boosted its holdings in Federal Realty Investment Trust by 15.0% in the 3rd quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 137 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $524,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $234,000. IFP Advisors Inc boosted its holdings in Federal Realty Investment Trust by 3.7% in the 3rd quarter. IFP Advisors Inc now owns 4,117 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 146 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Federal Realty Investment Trust by 0.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 47,409 shares of the real estate investment trust’s stock valued at $4,295,000 after purchasing an additional 142 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $101.14 on Tuesday. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The firm’s 50 day moving average price is $100.16 and its 200 day moving average price is $98.22. The company has a market cap of $8.39 billion, a P/E ratio of 36.12, a PEG ratio of 2.83 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same period in the previous year, the company earned $1.58 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio is presently 155.71%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Mizuho decreased their target price on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Barclays boosted their price target on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $109.00 to $110.00 in a research note on Monday. Bank of America boosted their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Truist Financial reissued a “buy” rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.70.

Federal Realty Investment Trust Company 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.