Jefferies Financial Group Inc. Sells 73,352 Shares of Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in Federal Realty Investment Trust by 94.8%, now holding only 4,048 shares, worth approximately $396,000.
• Several institutional investors increased their stakes in Federal Realty Investment Trust during the fourth quarter, with Northern Trust Corp raising its position by 73.4% and Invesco Ltd. by 41.4%.
• Federal Realty Investment Trust announced an increase in its quarterly dividend to $1.13 per share, reflecting a 4.9% yield and a slight rise from the previous dividend of $1.10.

Jefferies Financial Group Inc. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 94.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,048 shares of the real estate investment trust's stock after selling 73,352 shares during the period. Jefferies Financial Group Inc.'s holdings in Federal Realty Investment Trust were worth $396,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Resolution Capital Ltd raised 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 acquiring an additional 389,266 shares during the last quarter. Invesco Ltd. raised 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 acquiring an additional 893,258 shares during the last quarter. Northern Trust Corp raised 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 acquiring an additional 522,531 shares during the last quarter. Rush Island Management LP increased its position in shares of Federal Realty Investment Trust by 18.1% during the fourth quarter. Rush Island Management LP now owns 1,188,734 shares of the real estate investment trust's stock worth $133,079,000 after buying an additional 182,120 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Federal Realty Investment Trust by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,165,798 shares of the real estate investment trust's stock worth $130,509,000 after buying an additional 28,933 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FRT. Evercore ISI decreased 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. Piper Sandler decreased their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. UBS Group decreased their price target on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Mizuho decreased their price target on Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Barclays began coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price on the stock. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.14.

Federal Realty Investment Trust Stock Down 1.1%

NYSE FRT traded down $1.04 on Friday, reaching $91.32. The company had a trading volume of 1,020,558 shares, compared to its average volume of 849,377. The company has a quick ratio of 1.72, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $7.88 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.65 and a beta of 1.14. The company's fifty day moving average is $94.70 and its 200 day moving average is $97.31. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating 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 analyst estimates of $309.25 million. During the same quarter last year, the business posted $1.69 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 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.