Massachusetts Financial Services Co. MA Decreases Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Massachusetts Financial Services Co. MA cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,799,330 shares of the real estate investment trust's stock after selling 148,398 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.10% of Federal Realty Investment Trust worth $176,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Federal Realty Investment Trust by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock valued at $15,205,000 after purchasing an additional 917 shares in the last quarter. LPL Financial LLC boosted its holdings in Federal Realty Investment Trust by 17.5% during the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after buying an additional 12,387 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Federal Realty Investment Trust by 10.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after buying an additional 674 shares during the period. KBC Group NV increased its holdings in Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock valued at $278,000 after buying an additional 151 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after acquiring an additional 146 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FRT shares. Wall Street Zen downgraded Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. lowered Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price on the stock. in a report on Monday, June 23rd. Citigroup reaffirmed a "neutral" rating and set 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. UBS Group dropped their target price on shares of 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. Finally, Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $111.29.

Federal Realty Investment Trust Trading Down 0.5%

Shares of FRT stock traded down $0.51 during mid-day trading on Friday, hitting $94.62. 609,008 shares of the company's stock were exchanged, compared to its average volume of 719,632. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.80 and a beta of 1.09. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a 50-day simple moving average of $95.33 and a two-hundred day simple moving average of $98.64.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. Equities analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.65%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

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.