DekaBank Deutsche Girozentrale Sells 17,564 Shares of Federal Realty Investment Trust (NYSE:FRT)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 90.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,927 shares of the real estate investment trust's stock after selling 17,564 shares during the period. DekaBank Deutsche Girozentrale's holdings in Federal Realty Investment Trust were worth $186,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FRT. Norges Bank acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth $810,544,000. Centersquare Investment Management LLC lifted its stake in shares of Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock worth $116,654,000 after acquiring an additional 941,414 shares during the period. Invesco Ltd. lifted its stake in shares of Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock worth $341,833,000 after acquiring an additional 893,258 shares during the period. Northern Trust Corp lifted its stake in shares of Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock worth $138,231,000 after acquiring an additional 522,531 shares during the period. Finally, Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock worth $394,417,000 after acquiring an additional 389,266 shares during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wall Street Zen downgraded shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target for the company. in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.29.

Federal Realty Investment Trust Price Performance

FRT stock traded down $0.34 during trading on Friday, hitting $94.80. The company had a trading volume of 204,164 shares, compared to its average volume of 717,150. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 3.77 and a beta of 1.09. The business has a 50 day moving average of $95.31 and a 200 day moving average of $98.76. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results 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 business had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. As a group, research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 126.07%.

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.