Lincluden Management Ltd. Boosts Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Lincluden Management Ltd. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 35.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,000 shares of the real estate investment trust's stock after purchasing an additional 20,712 shares during the period. Federal Realty Investment Trust comprises about 1.0% of Lincluden Management Ltd.'s holdings, making the stock its 23rd largest position. Lincluden Management Ltd. owned 0.09% of Federal Realty Investment Trust worth $7,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its stake in shares of Federal Realty Investment Trust by 82.3% during 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 during the period. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $30,000. CX Institutional bought a new stake in Federal Realty Investment Trust in the first quarter valued at about $44,000. Kapitalo Investimentos Ltda bought a new stake in Federal Realty Investment Trust in the fourth quarter valued at about $51,000. Finally, NBC Securities Inc. bought a new stake in Federal Realty Investment Trust in the first quarter valued at about $69,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Down 0.5%

NYSE:FRT traded down $0.47 during trading hours on Friday, reaching $94.24. The company had a trading volume of 856,517 shares, compared to its average volume of 656,564. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.78 and a beta of 1.09. The business's 50-day simple moving average is $95.14 and its two-hundred day simple moving average is $98.17. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same period last year, the firm earned $1.64 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Tuesday, July 1st. Federal Realty Investment Trust's payout ratio is currently 126.07%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective for the company. in a report on Monday, June 23rd. Raymond James Financial cut their price objective 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. UBS Group cut 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. Barclays started 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. Finally, Piper Sandler cut 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus 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.