D. E. Shaw & Co. Inc. Reduces Stock Position in Federal Realty Investment Trust (NYSE:FRT)

D. E. Shaw & Co. Inc. reduced its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,566 shares of the real estate investment trust's stock after selling 35,259 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Federal Realty Investment Trust were worth $2,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FRT. Kapitalo Investimentos Ltda bought a new position in Federal Realty Investment Trust in the fourth quarter worth about $51,000. Venturi Wealth Management LLC raised its stake in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after buying an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Federal Realty Investment Trust by 592.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after buying an additional 592 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Federal Realty Investment Trust in the fourth quarter worth about $91,000. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

FRT stock traded down $1.09 on Friday, hitting $92.57. The company had a trading volume of 624,068 shares, compared to its average volume of 687,961. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock's 50-day simple moving average is $94.17 and its 200 day simple moving average is $103.71. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.20 and a beta of 1.10.

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 EPS 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 the consensus estimate of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.64 EPS. As a group, equities research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.75%. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FRT. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Scotiabank reaffirmed an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday. Citigroup reiterated a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, Raymond James cut their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $113.64.

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.