D. E. Shaw & Co. Inc. Decreases Position in Federal Realty Investment Trust (NYSE:FRT)

D. E. Shaw & Co. Inc. cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 63.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,566 shares of the real estate investment trust’s stock after selling 35,259 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Federal Realty Investment Trust were worth $2,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in Federal Realty Investment Trust in the 4th quarter valued at about $51,000. Venturi Wealth Management LLC raised its holdings in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 valued at $62,000 after acquiring an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings 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 valued at $77,000 after acquiring an additional 592 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $91,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Down 1.3%

Federal Realty Investment Trust stock opened at $96.47 on Wednesday. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The stock’s fifty day simple moving average is $94.39 and its 200-day simple moving average is $104.05. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $8.28 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter in the prior year, the company earned $1.64 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.56%. Federal Realty Investment Trust’s payout ratio is currently 126.07%.

Analysts Set New Price Targets

A number of analysts have commented on FRT shares. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Raymond James reduced 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 research report on Tuesday, February 18th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Finally, Citigroup reiterated a “neutral” rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Federal Realty Investment Trust Company 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.