Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 40.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 71,497 shares of the real estate investment trust's stock after selling 48,496 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Federal Realty Investment Trust worth $6,994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Federal Realty Investment Trust in the fourth quarter worth $810,544,000. Centersquare Investment Management LLC increased its stake in shares of Federal Realty Investment Trust by 935.8% during 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 buying an additional 941,414 shares during the period. Invesco Ltd. increased its stake in shares of Federal Realty Investment Trust by 41.4% during 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 buying 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 valued at $138,231,000 after buying an additional 522,531 shares during the period. 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 valued at $394,417,000 after buying an additional 389,266 shares during the period. Hedge funds and other institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FRT shares. Citigroup restated a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. JPMorgan Chase & Co. downgraded Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective on the stock. in a research report on Monday, June 23rd. Barclays assumed coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price objective on the stock. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, UBS Group dropped their price objective 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $111.29.

Federal Realty Investment Trust Stock Down 0.5%

NYSE FRT traded down $0.47 during trading on Friday, hitting $94.24. The company's stock had a trading volume of 856,517 shares, compared to its average volume of 656,564. 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 market cap of $8.08 billion, a PE ratio of 27.00, a P/E/G ratio of 3.76 and a beta of 1.09. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. The business's 50 day simple moving average is $95.14 and its 200-day simple moving average is $98.13.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same period last year, the business posted $1.64 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS 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. Stockholders of record on Tuesday, July 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Tuesday, July 1st. Federal Realty Investment Trust's payout ratio is 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.