RFG Advisory LLC Acquires New Holdings in Federal Realty Investment Trust (NYSE:FRT)

RFG Advisory LLC bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,640 shares of the real estate investment trust's stock, valued at approximately $356,000.

Several other institutional investors also recently modified their holdings of FRT. Park Square Financial Group LLC acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $30,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 130 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at about $51,000. Venturi Wealth Management LLC grew its holdings in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 111 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $96.50 on Friday. The business has a 50-day moving average price of $93.75 and a two-hundred day moving average price of $102.36. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.28 billion, a P/E ratio of 28.14, a PEG ratio of 2.20 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.64 EPS. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 126.07%.

Wall Street Analyst Weigh In

Several research firms recently commented on FRT. JPMorgan Chase & Co. cut their target price on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Raymond James cut their price target on shares of 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. Wells Fargo & Company decreased their price objective on 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. Stifel Nicolaus lowered their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of $113.33.

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.

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