Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Federal Realty Investment Trust by 65.4%, selling 880,642 shares and holding 465,693 shares valued at approximately $45.5 million as of the latest reporting period.
• Federal Realty Investment Trust reported an earnings per share (EPS) of $1.91 for the last quarter, exceeding estimates, and has announced a quarterly dividend increase to $1.13 per share with a yield of 4.9%.
• The company has garnered a consensus rating of "Moderate Buy" from analysts, with a price target averaging $110.14.

Deutsche Bank AG lessened its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 65.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 465,693 shares of the real estate investment trust's stock after selling 880,642 shares during the quarter. Deutsche Bank AG owned approximately 0.54% of Federal Realty Investment Trust worth $45,554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FRT. Versant Capital Management Inc grew its holdings in shares of Federal Realty Investment Trust by 82.3% during 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. Exchange Traded Concepts LLC grew its holdings in shares of Federal Realty Investment Trust by 18.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 130 shares during the period. Ethic Inc. grew its holdings in shares of Federal Realty Investment Trust by 2.3% during the 4th quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock worth $719,000 after purchasing an additional 145 shares during the period. Amalgamated Bank grew its holdings in shares of 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 worth $1,495,000 after purchasing an additional 146 shares during the period. Finally, KBC Group NV grew its holdings in shares of Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Up 0.1%

Shares of FRT traded up $0.13 during trading on Friday, reaching $93.86. The company's stock had a trading volume of 1,840,872 shares, compared to its average volume of 890,010. The company has a fifty day moving average of $94.49 and a two-hundred day moving average of $96.89. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 3.72 and a beta of 1.14. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42.

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

Federal Realty Investment Trust Increases Dividend

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

Analysts Set New Price Targets

FRT has been the subject of a number of research reports. Barclays initiated coverage on Federal Realty Investment Trust in a report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price for the company. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price for the company. in a report on Monday, June 23rd. Raymond James Financial decreased their target price on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Finally, Piper Sandler decreased their target price on 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.14.

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.