Alyeska Investment Group L.P. Makes New $40.64 Million Investment in Federal Realty Investment Trust (NYSE:FRT)

Alyeska Investment Group L.P. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 363,026 shares of the real estate investment trust's stock, valued at approximately $40,641,000. Alyeska Investment Group L.P. owned 0.44% of Federal Realty Investment Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in FRT. Norges Bank acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $810,544,000. Centersquare Investment Management LLC grew its position in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock valued at $116,654,000 after buying an additional 941,414 shares during the last quarter. Invesco Ltd. raised its position in Federal Realty Investment Trust by 41.4% during the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock worth $341,833,000 after buying an additional 893,258 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock worth $138,231,000 after acquiring an additional 522,531 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after acquiring an additional 218,671 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Citigroup restated a "neutral" rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Stifel Nicolaus cut their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Raymond James decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $116.00.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock traded down $1.93 during mid-day trading on Friday, hitting $93.30. 596,080 shares of the company were exchanged, compared to its average volume of 675,908. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The business's 50 day simple moving average is $94.92 and its two-hundred day simple moving average is $105.02. The company has a market capitalization of $8.00 billion, a P/E ratio of 27.20, a PEG ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. Analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.

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.