Bank of America Corp DE Sells 35,162 Shares of Federal Realty Investment Trust (NYSE:FRT)

Bank of America Corp DE reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,170 shares of the real estate investment trust's stock after selling 35,162 shares during the quarter. Bank of America Corp DE owned approximately 0.25% of Federal Realty Investment Trust worth $22,857,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after buying an additional 168,885 shares during the period. LPL Financial LLC grew its holdings in shares of Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after acquiring an additional 12,387 shares during the period. Vert Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock worth $3,697,000 after acquiring an additional 3,617 shares during the period. Principal Financial Group Inc. raised its position in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after acquiring an additional 7,501 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after purchasing an additional 175 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FRT. Scotiabank reduced their price target 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. Raymond James reduced their target price on shares of 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 reiterated a "neutral" rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Truist Financial cut shares of 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 report on Thursday, March 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Federal Realty Investment Trust Stock Up 1.3%

Shares of Federal Realty Investment Trust stock opened at $97.94 on Monday. The company has a 50-day simple moving average of $94.34 and a two-hundred day simple moving average of $104.19. The stock has a market capitalization of $8.40 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week 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.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $307.55 million. During the same period in the previous year, the business earned $1.64 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's payout ratio is presently 126.07%.

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.

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