Axa S.A. Sells 4,809 Shares of Federal Realty Investment Trust (NYSE:FRT)

AXA S.A. decreased its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,460 shares of the real estate investment trust's stock after selling 4,809 shares during the period. AXA S.A. owned about 0.15% of Federal Realty Investment Trust worth $14,269,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at about $2,924,000. Comerica Bank grew its stake in Federal Realty Investment Trust by 28.7% in the fourth quarter. Comerica Bank now owns 27,289 shares of the real estate investment trust's stock valued at $3,055,000 after purchasing an additional 6,081 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at about $51,000. Utah Retirement Systems grew its stake in Federal Realty Investment Trust by 2.2% in the fourth quarter. Utah Retirement Systems now owns 13,933 shares of the real estate investment trust's stock valued at $1,560,000 after purchasing an additional 300 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Federal Realty Investment Trust by 3.9% in the fourth quarter. AQR Capital Management LLC now owns 104,207 shares of the real estate investment trust's stock valued at $11,660,000 after purchasing an additional 3,941 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho lowered their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Raymond James reduced their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on 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. Stifel Nicolaus reduced their price target 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. Finally, Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded down $1.66 during trading hours on Friday, hitting $93.57. The stock had a trading volume of 1,249,883 shares, compared to its average volume of 678,516. The company has a 50-day moving average of $94.73 and a two-hundred day moving average of $104.74. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. 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 1.10. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34.

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

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.70%. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

Federal Realty Investment Trust 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.