M&T Bank Corp Sells 912 Shares of Federal Realty Investment Trust (NYSE:FRT)

M&T Bank Corp decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,794 shares of the real estate investment trust’s stock after selling 912 shares during the quarter. M&T Bank Corp’s holdings in Federal Realty Investment Trust were worth $860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FRT. Brown Advisory Inc. increased its position in Federal Realty Investment Trust by 21.2% during the first quarter. Brown Advisory Inc. now owns 21,260 shares of the real estate investment trust’s stock worth $2,080,000 after buying an additional 3,721 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust by 3,664.1% in the first quarter. Penserra Capital Management LLC now owns 7,340 shares of the real estate investment trust’s stock valued at $717,000 after buying an additional 7,145 shares during the period. Principal Financial Group Inc. raised its position in Federal Realty Investment Trust by 0.6% during the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust’s stock valued at $15,205,000 after purchasing an additional 917 shares in the last quarter. Revisor Wealth Management LLC raised its position in Federal Realty Investment Trust by 94.4% during the first quarter. Revisor Wealth Management LLC now owns 4,098 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Federal Realty Investment Trust by 6.8% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,064 shares of the real estate investment trust’s stock valued at $2,158,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $94.98 on Tuesday. The stock has a market cap of $8.15 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 3.79 and a beta of 1.09. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The firm’s 50-day simple moving average is $95.35 and its two-hundred day simple moving average is $99.05.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. During the same quarter in the prior year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 126.07%.

Analyst Ratings Changes

FRT has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 price objective for the company. in a report on Monday, June 23rd. Raymond James Financial cut their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Barclays began coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an “overweight” rating and a $106.00 price target on the stock. Citigroup reissued a “neutral” rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Finally, Wall Street Zen cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.07.

About Federal Realty Investment Trust

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.