Deutsche Bank AG Cuts Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Deutsche Bank AG decreased its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,346,335 shares of the real estate investment trust's stock after selling 32,571 shares during the quarter. Deutsche Bank AG owned approximately 1.62% of Federal Realty Investment Trust worth $150,722,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $810,544,000. Centersquare Investment Management LLC raised its position in shares of 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 worth $116,654,000 after acquiring an additional 941,414 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. 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 valued at $138,231,000 after purchasing an additional 522,531 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $40,641,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

NYSE:FRT traded down $1.31 during trading hours on Tuesday, hitting $96.90. 740,621 shares of the stock traded hands, compared to its average volume of 681,172. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The stock has a 50 day moving average price of $94.54 and a 200 day moving average price of $104.59. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

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 for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $302.29 million for the quarter, compared to analysts' expectations of $307.55 million. During the same quarter in the previous year, the company earned $1.64 EPS. Federal Realty Investment Trust's revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.54%. Federal Realty Investment Trust's dividend payout ratio is presently 126.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FRT shares. JPMorgan Chase & Co. dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Raymond James dropped their price target on 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. Citigroup reaffirmed 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, Scotiabank lowered their price target on Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating for the company in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

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.