Raymond James Financial Inc. Makes New $17.19 Million Investment in Federal Realty Investment Trust (NYSE:FRT)

Raymond James Financial Inc. acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 153,525 shares of the real estate investment trust’s stock, valued at approximately $17,187,000. Raymond James Financial Inc. owned about 0.19% of Federal Realty Investment Trust at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its stake in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Federal Realty Investment Trust by 592.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 592 shares in the last quarter. Headlands Technologies LLC acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $91,000. Finally, Hopwood Financial Services Inc. acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $101,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 1.7 %

Shares of FRT opened at $93.61 on Monday. The firm has a market cap of $8.03 billion, a P/E ratio of 27.29, a PEG ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The stock’s 50 day moving average is $98.05 and its two-hundred day moving average is $106.61. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FRT shares. Stifel Nicolaus dropped their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Citigroup reissued a “neutral” rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Raymond James cut their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.