Edgestream Partners L.P. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 326.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 quarter.
Several other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Federal Realty Investment Trust by 82.3% in 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 in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $30,000. CX Institutional purchased a new position in Federal Realty Investment Trust in the first quarter valued at about $44,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $51,000. Finally, NBC Securities Inc. acquired a new position in Federal Realty Investment Trust in the first quarter valued at approximately $69,000. 93.86% of the stock is owned by hedge funds and other institutional investors.
Federal Realty Investment Trust Stock Performance
FRT traded up $0.74 during trading hours on Thursday, hitting $95.08. The company's stock had a trading volume of 329,777 shares, compared to its average volume of 717,154. 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. The firm has a market capitalization of $8.16 billion, a PE ratio of 27.23, a PEG ratio of 3.71 and a beta of 1.09. The company has a 50-day simple moving average of $95.31 and a 200 day simple moving average of $98.86.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $302.29 million for the quarter, compared to analysts' expectations of $307.55 million. During the same period in the previous year, the firm posted $1.64 EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.
Federal Realty Investment Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.63%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 126.07%.
Wall Street Analyst Weigh In
FRT has been the subject of several analyst reports. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Mizuho dropped their price target on Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup reiterated a "neutral" rating and issued a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. UBS Group decreased their price target on 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. Finally, Barclays started coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price on the stock. One 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. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of "Hold" and a consensus target price of $111.29.
Read Our Latest Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Profile
(
Free Report)
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.
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