LPL Financial LLC Lowers Position in Federal Realty Investment Trust (NYSE:FRT)

LPL Financial LLC lessened its stake in Federal Realty Investment Trust (NYSE:FRT) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,857 shares of the real estate investment trust’s stock after selling 4,432 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Federal Realty Investment Trust worth $7,714,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings 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 worth $15,205,000 after acquiring an additional 917 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Federal Realty Investment Trust by 10.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 674 shares during the last quarter. KBC Group NV raised its stake in shares of Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 151 shares during the period. Amalgamated Bank boosted its holdings in shares of Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after buying an additional 146 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Federal Realty Investment Trust by 3.1% in the 1st quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust’s stock worth $5,890,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 1.1%

Shares of NYSE FRT opened at $91.32 on Monday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average of $94.70 and a 200-day moving average of $97.26. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.63 and a beta of 1.14. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. The business had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 EPS. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.9%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 111.39%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI lowered their price objective on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 price target on the stock. in a report on Monday, June 23rd. Raymond James Financial lowered 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 report on Friday, May 23rd. UBS Group reduced their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, June 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $110.14.

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.