Federal Realty Investment Trust (NYSE:FRT) Position Boosted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 225.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,981 shares of the real estate investment trust's stock after buying an additional 297,227 shares during the quarter. Balyasny Asset Management L.P. owned about 0.52% of Federal Realty Investment Trust worth $48,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after acquiring an additional 168,885 shares in the last quarter. LPL Financial LLC raised its stake in Federal Realty Investment Trust by 17.5% during the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after purchasing an additional 12,387 shares during the period. Vert Asset Management LLC increased its holdings in Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock valued at $3,697,000 after purchasing an additional 3,617 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock valued at $10,727,000 after purchasing an additional 7,501 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after acquiring an additional 175 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FRT has been the subject of several analyst reports. Citigroup reaffirmed a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus cut their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price target on 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. Finally, Wells Fargo & Company dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

Federal Realty Investment Trust Stock Down 1.7 %

Shares of Federal Realty Investment Trust stock traded down $1.66 on Friday, reaching $93.57. 1,249,883 shares of the company were exchanged, compared to its average volume of 678,516. 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 1-year low of $80.65 and a 1-year high of $118.34. The stock's 50 day moving average price is $94.73 and its 200-day moving average price is $104.81. The company has a market cap of $8.03 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.70%. Federal Realty Investment Trust's payout ratio is currently 128.28%.

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.