Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,961 shares of the real estate investment trust's stock after selling 4,415 shares during the period. Nisa Investment Advisors LLC's holdings in Federal Realty Investment Trust were worth $3,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in 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 buying an additional 130 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at $30,000. CX Institutional purchased a new stake in Federal Realty Investment Trust during the 1st quarter worth about $44,000. Kapitalo Investimentos Ltda acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $51,000. Finally, NBC Securities Inc. purchased a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at about $69,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FRT. Wells Fargo & Company reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target on the stock. in a research note on Monday, June 23rd. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Citigroup reissued a "neutral" rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Finally, Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of "Hold" and an average target price of $112.07.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock traded up $1.39 during midday trading on Wednesday, reaching $94.38. 595,451 shares of the company were exchanged, compared to its average volume of 717,456. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.79 and a beta of 1.09. The firm's 50-day simple moving average is $95.32 and its 200-day simple moving average is $98.89. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72.

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. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio is currently 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.