Clark Capital Management Group Inc. Sells 170,954 Shares of Federal Realty Investment Trust (NYSE:FRT)

Clark Capital Management Group Inc. trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,589 shares of the real estate investment trust's stock after selling 170,954 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.76% of Federal Realty Investment Trust worth $70,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Barclays PLC raised its holdings in Federal Realty Investment Trust by 3.4% during the 3rd quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust's stock valued at $15,232,000 after buying an additional 4,324 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter valued at about $221,000. Tidal Investments LLC boosted its holdings in shares of 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 purchasing an additional 153 shares during the period. Principal Financial Group Inc. grew its stake in shares of Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after purchasing an additional 7,501 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after purchasing an additional 168,885 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded down $0.80 during trading on Tuesday, hitting $97.41. The company had a trading volume of 409,144 shares, compared to its average volume of 679,190. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. 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 firm has a market capitalization of $8.36 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The stock has a 50 day simple moving average of $94.62 and a 200 day simple moving average of $104.65.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $302.29 million for the quarter, compared to analysts' expectations of $307.55 million. During the same quarter last year, the business posted $1.64 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed 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 dividend yield of 4.52%. Federal Realty Investment Trust's payout ratio is currently 126.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective 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. Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Raymond James decreased their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Scotiabank cut their target price on shares of 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. Finally, Citigroup reiterated a "neutral" rating and set 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.