Vident Advisory LLC Lowers Position in Federal Realty Investment Trust $FRT

Key Points

• Vident Advisory LLC reduced its stake in Federal Realty Investment Trust by 31.7%, owning 10,040 shares valued at approximately $982,000 after selling 4,652 shares.
• Federal Realty Investment Trust will pay a quarterly dividend of $1.13 on October 15, increasing from the previous dividend of $1.10, representing an annual yield of 4.5%.
• Analysts have set a consensus price target of $110.79 for the stock, with eight analysts rating it as a Buy and six as Hold.

Vident Advisory LLC cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 31.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,040 shares of the real estate investment trust's stock after selling 4,652 shares during the period. Vident Advisory LLC's holdings in Federal Realty Investment Trust were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FRT. The Manufacturers Life Insurance Company grew its stake in Federal Realty Investment Trust by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 49,252 shares of the real estate investment trust's stock valued at $5,514,000 after buying an additional 730 shares in the last quarter. Comerica Bank grew its position in Federal Realty Investment Trust by 28.7% in the 4th quarter. Comerica Bank now owns 27,289 shares of the real estate investment trust's stock valued at $3,055,000 after acquiring an additional 6,081 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at about $2,924,000. Ameriprise Financial Inc. grew its position in Federal Realty Investment Trust by 24.3% during the 4th quarter. Ameriprise Financial Inc. now owns 99,426 shares of the real estate investment trust's stock worth $11,131,000 after purchasing an additional 19,408 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at $19,869,000. Institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FRT. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Mizuho boosted their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Evercore ISI cut their price objective on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Finally, Raymond James Financial reduced their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.79.

Federal Realty Investment Trust Stock Performance

NYSE FRT traded down $1.56 during trading hours on Monday, hitting $101.11. The company had a trading volume of 325,578 shares, compared to its average volume of 780,235. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The business has a 50 day moving average of $95.46 and a 200-day moving average of $95.76. The company has a market cap of $8.72 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

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, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. During the same period in the previous year, the company earned $1.69 EPS. Federal Realty Investment Trust's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.5%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio is currently 111.39%.

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.