New York Life Investment Management LLC Sells 303 Shares of Federal Realty Investment Trust (NYSE:FRT)

New York Life Investment Management LLC trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,582 shares of the real estate investment trust’s stock after selling 303 shares during the period. New York Life Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,915,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FRT. Van Lanschot Kempen Investment Management N.V. bought a new stake in Federal Realty Investment Trust in the third quarter worth $2,465,000. Strs Ohio lifted its position in shares of Federal Realty Investment Trust by 32.7% in the fourth 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. boosted its stake 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 acquiring an additional 545 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $174,000. Finally, FMR LLC lifted its holdings in Federal Realty Investment Trust by 195.8% in the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock worth $12,309,000 after purchasing an additional 89,898 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.1 %

Federal Realty Investment Trust stock opened at $102.12 on Tuesday. The business has a 50 day moving average price of $100.84 and a two-hundred day moving average price of $99.32. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $1.58 earnings per share. As a group, equities analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.16%.

Analysts Set New Price Targets

FRT has been the topic of several analyst reports. Barclays increased their price target on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Evercore ISI lowered their price target on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday. Bank of America boosted their price objective on 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, Mizuho lowered their target price 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.30.

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.