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

Nisa Investment Advisors LLC reduced its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 11.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $2,782,000. Raymond James Financial Inc. purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $17,187,000. Independent Advisor Alliance raised its position in shares of Federal Realty Investment Trust by 7.1% in the fourth quarter. Independent Advisor Alliance now owns 6,585 shares of the real estate investment trust's stock valued at $737,000 after buying an additional 438 shares during the last quarter. AGF Management Ltd. lifted its stake in shares of Federal Realty Investment Trust by 47.6% during the fourth quarter. AGF Management Ltd. now owns 4,650 shares of the real estate investment trust's stock valued at $521,000 after buying an additional 1,500 shares during the period. Finally, HighTower Advisors LLC boosted its position in Federal Realty Investment Trust by 4.7% during the fourth quarter. HighTower Advisors LLC now owns 36,200 shares of the real estate investment trust's stock worth $4,053,000 after acquiring an additional 1,614 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler cut 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. Barclays assumed coverage on Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 target price for the company. Raymond James Financial reduced their target price on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. UBS Group dropped their price objective on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Finally, Wells Fargo & Company lowered 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 report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $112.07.

Federal Realty Investment Trust Stock Up 0.1%

Shares of NYSE FRT traded up $0.10 on Monday, hitting $94.98. The company had a trading volume of 631,822 shares, compared to its average volume of 776,307. The firm has a market capitalization of $8.15 billion, a P/E ratio of 27.22, a PEG ratio of 3.79 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 12-month low of $80.65 and a 12-month high of $118.34. The business has a 50 day moving average of $95.35 and a two-hundred day moving average of $99.05.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same quarter last year, the company earned $1.64 earnings per share. Federal Realty Investment Trust's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.63%. Federal Realty Investment Trust's payout ratio is currently 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.