Graham Capital Management L.P. Has $316,000 Stake in Federal Realty Investment Trust (NYSE:FRT)

Graham Capital Management L.P. trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 85.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,821 shares of the real estate investment trust's stock after selling 16,709 shares during the period. Graham Capital Management L.P.'s holdings in Federal Realty Investment Trust were worth $316,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after purchasing an additional 218,671 shares during the period. Norges Bank acquired a new position in Federal Realty Investment Trust during the fourth quarter worth about $810,544,000. JPMorgan Chase & Co. grew its holdings in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after acquiring an additional 168,885 shares during the period. Invesco Ltd. grew its holdings in 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 worth $341,833,000 after acquiring an additional 893,258 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Federal Realty Investment Trust by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock worth $227,457,000 after acquiring an additional 77,783 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Piper Sandler dropped their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday. Citigroup reissued a "neutral" rating and issued 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. Finally, Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $113.64.

Federal Realty Investment Trust Stock Down 1.2%

NYSE FRT traded down $1.09 during trading on Friday, reaching $92.57. 624,068 shares of the company's stock were exchanged, compared to its average volume of 687,961. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The firm has a market capitalization of $7.94 billion, a PE ratio of 26.99, a P/E/G ratio of 2.20 and a beta of 1.10. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company's fifty day simple moving average is $94.17 and its 200-day simple moving average is $103.71.

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 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. During the same period last year, the company posted $1.64 EPS. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.75%. Federal Realty Investment Trust's dividend 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.