LPL Financial LLC Has $7.71 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

LPL Financial LLC lowered its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,857 shares of the real estate investment trust's stock after selling 4,432 shares during the period. LPL Financial LLC owned about 0.09% of Federal Realty Investment Trust worth $7,714,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Versant Capital Management Inc raised its holdings in shares of Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 130 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $30,000. CX Institutional bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $44,000. Kapitalo Investimentos Ltda bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $51,000. Finally, NBC Securities Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $69,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock traded up $0.03 during mid-day trading on Friday, hitting $93.76. The company's stock had a trading volume of 68,686 shares, compared to its average volume of 784,787. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $8.09 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.76 and a beta of 1.14. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The stock's fifty day moving average price is $94.55 and its two-hundred day moving average price is $96.99.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 earnings per share. Research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.8%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 111.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Raymond James Financial cut their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Piper Sandler cut their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Barclays initiated coverage on Federal Realty Investment Trust in a report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price on the stock. Finally, UBS Group dropped their target price on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus price target of $110.14.

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.