Edgestream Partners L.P. Buys 35,118 Shares of Federal Realty Investment Trust (NYSE:FRT)

Edgestream Partners L.P. boosted its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 326.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,870 shares of the real estate investment trust's stock after acquiring an additional 35,118 shares during the quarter. Edgestream Partners L.P. owned 0.05% of Federal Realty Investment Trust worth $4,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 0.6% during the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock worth $15,205,000 after purchasing an additional 917 shares during the period. LPL Financial LLC increased its stake in Federal Realty Investment Trust by 17.5% in the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock valued at $9,324,000 after purchasing an additional 12,387 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Federal Realty Investment Trust by 10.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock valued at $697,000 after purchasing an additional 674 shares in the last quarter. KBC Group NV increased its position in shares of Federal Realty Investment Trust by 5.6% during the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 151 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Federal Realty Investment Trust by 1.0% during the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 146 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT traded down $0.51 during trading on Friday, reaching $94.62. The company had a trading volume of 609,008 shares, compared to its average volume of 719,632. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The stock has a market capitalization of $8.12 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 3.80 and a beta of 1.09. The company has a fifty day moving average of $95.33 and a two-hundred day moving average of $98.64. 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 announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. Equities research analysts forecast 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. Stockholders of record on Tuesday, July 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.65%. Federal Realty Investment Trust's dividend payout ratio is 126.07%.

Analyst Ratings Changes

Several research firms recently weighed in on FRT. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target on the stock. in a report on Monday, June 23rd. Barclays assumed coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 target price on the stock. Mizuho dropped their target price on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday. Piper Sandler dropped their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, UBS Group dropped their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.29.

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.