Pacer Advisors Inc. Sells 5,137 Shares of Federal Realty Investment Trust (NYSE:FRT)

Pacer Advisors Inc. trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 25.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 15,416 shares of the real estate investment trust's stock after selling 5,137 shares during the quarter. Pacer Advisors Inc.'s holdings in Federal Realty Investment Trust were worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FRT. FIL Ltd boosted its holdings in Federal Realty Investment Trust by 0.3% in the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after acquiring an additional 95 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Federal Realty Investment Trust by 18.2% in the first quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 130 shares in the last quarter. Ethic Inc. boosted its holdings in Federal Realty Investment Trust by 2.3% in the fourth quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock worth $719,000 after acquiring an additional 145 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 146 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Price Performance

NYSE:FRT traded down $1.61 during trading hours on Friday, hitting $90.55. 854,658 shares of the company's stock traded hands, compared to its average volume of 726,490. The firm has a market cap of $7.77 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.62 and a beta of 1.14. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The business's fifty day simple moving average is $94.94 and its two-hundred day simple moving average is $97.76. 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 (NYSE:FRT - Get Free Report) last posted 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. The company had revenue of $302.29 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.9%. Federal Realty Investment Trust's payout ratio is 126.07%.

Analyst Upgrades and Downgrades

FRT has been the topic of a number of recent research reports. BMO Capital Markets restated an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Piper Sandler dropped their target price 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. Raymond James Financial dropped their target price 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. 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. Finally, Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average 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.