NewEdge Advisors LLC Grows Stock Position in Federal Realty Investment Trust (NYSE:FRT)

NewEdge Advisors LLC grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 77.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,677 shares of the real estate investment trust's stock after buying an additional 2,908 shares during the quarter. NewEdge Advisors LLC's holdings in Federal Realty Investment Trust were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position in Federal Realty Investment Trust by 3.4% in the third quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust's stock valued at $15,232,000 after acquiring an additional 4,324 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Federal Realty Investment Trust by 45.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 1,012 shares during the period. World Investment Advisors LLC purchased a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $221,000. Tidal Investments LLC increased its position in Federal Realty Investment Trust by 6.2% during the third quarter. Tidal Investments LLC now owns 2,607 shares of the real estate investment trust's stock worth $297,000 after buying an additional 153 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of Federal Realty Investment Trust by 0.4% in the third quarter. Retirement Systems of Alabama now owns 59,392 shares of the real estate investment trust's stock valued at $6,828,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 93.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Mizuho dropped their price objective on shares of 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. Citigroup restated a "neutral" rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Scotiabank lowered their target price on Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, April 23rd. 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 research note on Friday, March 7th. Finally, Stifel Nicolaus lowered their price objective 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average price target of $116.00.

Federal Realty Investment Trust Price Performance

FRT stock traded up $0.05 on Wednesday, reaching $94.05. The company had a trading volume of 940,142 shares, compared to its average volume of 681,439. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company's fifty day moving average is $96.31 and its 200 day moving average is $105.84. The company has a market cap of $8.07 billion, a P/E ratio of 27.42, a PEG ratio of 2.20 and a beta of 1.08. 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 posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts' consensus estimates of $1.73. The business had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.68%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 128.28%.

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.