Rockefeller Capital Management L.P. Makes New Investment in Federal Realty Investment Trust (NYSE:FRT)

Rockefeller Capital Management L.P. purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 75,880 shares of the real estate investment trust's stock, valued at approximately $8,493,000. Rockefeller Capital Management L.P. owned 0.09% of Federal Realty Investment Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after buying 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 period. Brown Brothers Harriman & Co. lifted its position in Federal Realty Investment Trust by 592.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 592 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $91,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $101,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded up $1.27 during trading hours on Tuesday, hitting $93.56. 843,660 shares of the stock were exchanged, compared to its average volume of 677,211. The company's fifty day simple moving average is $97.33 and its two-hundred day simple moving average is $106.39. The company has a market cap of $8.03 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. On average, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on FRT shares. Raymond James dropped their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Citigroup reissued a "neutral" rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Stifel Nicolaus lowered their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company 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.