Xponance Inc. Lowers Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Xponance Inc. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 16.6% in the 4th quarter, Holdings Channel reports. The fund owned 9,442 shares of the real estate investment trust’s stock after selling 1,881 shares during the quarter. Xponance Inc.’s holdings in Federal Realty Investment Trust were worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $2,465,000. Strs Ohio raised its position in Federal Realty Investment Trust by 32.7% during the 4th quarter. Strs Ohio now owns 136,781 shares of the real estate investment trust’s stock worth $14,095,000 after buying an additional 33,700 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Federal Realty Investment Trust by 1.3% in 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 acquiring an additional 545 shares during the period. FMR LLC boosted its holdings in shares of Federal Realty Investment Trust by 195.8% in the third quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock valued at $12,309,000 after acquiring an additional 89,898 shares in the last quarter. Finally, Sandy Spring Bank increased its stake in shares of Federal Realty Investment Trust by 13.1% during the fourth quarter. Sandy Spring Bank now owns 3,870 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 449 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 1.0 %

Shares of FRT stock opened at $102.57 on Friday. The stock has a market cap of $8.51 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.92 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 has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The business has a fifty day simple moving average of $100.26 and a 200-day simple moving average of $98.46.

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

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 13th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Tuesday, March 12th. Federal Realty Investment Trust’s payout ratio is currently 155.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FRT shares. Mizuho lowered their price objective on 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. Scotiabank dropped their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Bank of America boosted their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Barclays increased 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 report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average 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.