Bank of New York Mellon Corp Has $60.41 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Bank of New York Mellon Corp lessened its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 617,522 shares of the real estate investment trust's stock after selling 16,625 shares during the quarter. Bank of New York Mellon Corp owned about 0.72% of Federal Realty Investment Trust worth $60,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. FIL Ltd boosted its stake in shares of Federal Realty Investment Trust by 0.3% during the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock valued at $3,984,000 after purchasing an additional 95 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Federal Realty Investment Trust by 18.2% in the first 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 during the period. Ethic Inc. raised its holdings in shares of Federal Realty Investment Trust by 2.3% in the fourth quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock worth $719,000 after buying an additional 145 shares during the period. Finally, Amalgamated Bank boosted its position in Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after acquiring an additional 146 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FRT has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price on the stock. in a report on Monday, June 23rd. Wall Street Zen cut shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Barclays started coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Hold" and a consensus price target of $112.07.

Federal Realty Investment Trust Stock Down 2.1%

FRT traded down $1.97 on Tuesday, reaching $93.00. The company's stock had a trading volume of 698,450 shares, compared to its average volume of 716,894. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.79 and a beta of 1.09. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. The business's 50 day moving average is $95.35 and its 200 day moving average is $99.05.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results 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. 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. As a group, research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.73%. Federal Realty Investment Trust's dividend payout ratio (DPR) 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.