Brown Advisory Inc. Increases Stake in Federal Realty Investment Trust (NYSE:FRT)

Brown Advisory Inc. grew its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 21.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,260 shares of the real estate investment trust's stock after buying an additional 3,721 shares during the quarter. Brown Advisory Inc.'s holdings in Federal Realty Investment Trust were worth $2,080,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FRT. Norges Bank purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth $810,544,000. Centersquare Investment Management LLC grew its position in shares of Federal Realty Investment Trust by 935.8% in the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock valued at $116,654,000 after purchasing an additional 941,414 shares during the period. Invesco Ltd. grew its position in shares of Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. Northern Trust Corp increased its stake in shares of Federal Realty Investment Trust by 73.4% during the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock worth $138,231,000 after purchasing an additional 522,531 shares in the last quarter. Finally, Resolution Capital Ltd increased its stake in shares of Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock worth $394,417,000 after purchasing an additional 389,266 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Saturday. UBS Group decreased their target price on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Raymond James Financial decreased their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Finally, Citigroup restated a "neutral" rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $112.07.

Federal Realty Investment Trust Trading Up 1.5%

FRT stock traded up $1.39 during mid-day trading on Wednesday, hitting $94.38. 595,451 shares of the company were exchanged, compared to its average volume of 775,391. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The firm has a market capitalization of $8.10 billion, a P/E ratio of 27.04, a PEG ratio of 3.79 and a beta of 1.09. The business has a fifty day simple moving average of $95.32 and a 200-day simple moving average of $98.89. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted 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 24.77% and a return on equity of 9.97%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same quarter last year, the company posted $1.64 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.66%. Federal Realty Investment Trust's dividend payout ratio is presently 126.07%.

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.