Cetera Investment Advisers Has $1.26 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Cetera Investment Advisers reduced its stake in Federal Realty Investment Trust by 46.2%, holding 12,901 shares worth $1.26 million after selling 11,099 shares during Q1.
• The real estate investment trust has announced a quarterly dividend increase to $1.13 per share, representing a 4.9% yield and a boost from the previous dividend of $1.10.
• According to recent analyst ratings, Federal Realty Investment Trust holds a consensus rating of "Moderate Buy" with an average price target of $110.14.

Cetera Investment Advisers cut its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 46.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,901 shares of the real estate investment trust's stock after selling 11,099 shares during the quarter. Cetera Investment Advisers' holdings in Federal Realty Investment Trust were worth $1,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FRT. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 130 shares during the period. Park Square Financial Group LLC bought a new position in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $30,000. CX Institutional bought a new position in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $44,000. Kapitalo Investimentos Ltda bought a new position in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $51,000. Finally, NBC Securities Inc. bought a new stake in Federal Realty Investment Trust during the 1st quarter worth approximately $69,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded up $0.10 during trading on Friday, reaching $93.83. The company had a trading volume of 68,686 shares, compared to its average volume of 784,787. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The stock has a market capitalization of $8.09 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 3.76 and a beta of 1.14. The stock has a 50-day moving average price of $94.55 and a two-hundred day moving average price of $96.99. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 earnings per share. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.8%. Federal Realty Investment Trust's payout ratio is currently 111.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FRT shares. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. 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. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective for the company. in a report on Monday, June 23rd. Piper Sandler cut their price objective 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. Finally, Mizuho cut their price objective on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average target price of $110.14.

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.