Y Intercept Hong Kong Ltd Buys Shares of 20,155 Federal Realty Investment Trust (NYSE:FRT)

Y Intercept Hong Kong Ltd bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,155 shares of the real estate investment trust's stock, valued at approximately $1,972,000.

Several other institutional investors have also recently made changes to their positions in the company. FIL Ltd increased its holdings in Federal Realty Investment Trust by 0.3% in the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after acquiring an additional 95 shares in the last quarter. Versant Capital Management Inc increased its holdings in Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Federal Realty Investment Trust by 18.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 130 shares in the last quarter. Ethic Inc. increased its holdings in Federal Realty Investment Trust by 2.3% in the 4th quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock worth $719,000 after acquiring an additional 145 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 146 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 0.5%

Shares of FRT stock traded down $0.47 on Friday, hitting $94.24. 856,517 shares of the stock traded hands, compared to its average volume of 656,564. The firm's 50-day moving average price is $95.14 and its two-hundred day moving average price is $98.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $8.08 billion, a PE ratio of 27.00, a PEG ratio of 3.76 and a beta of 1.09. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $302.29 million for the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.67%. Federal Realty Investment Trust's payout ratio is 126.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FRT shares. Piper Sandler cut their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Barclays started coverage on shares of Federal Realty Investment Trust in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price target for the company. UBS Group cut their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Finally, Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $111.29.

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.