Rhumbline Advisers Raises Position in Federal Realty Investment Trust (NYSE:FRT)

Rhumbline Advisers grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 18.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 170,690 shares of the real estate investment trust's stock after purchasing an additional 26,174 shares during the period. Rhumbline Advisers owned approximately 0.20% of Federal Realty Investment Trust worth $16,697,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FRT. FIL Ltd increased its position in shares of Federal Realty Investment Trust by 0.3% during the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock valued at $3,984,000 after acquiring an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Federal Realty Investment Trust by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC raised its stake in Federal Realty Investment Trust by 25.0% during the 4th 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 last quarter. Keybank National Association OH raised its stake in Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock valued at $293,000 after buying an additional 128 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake 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 valued at $28,000 after buying an additional 130 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Down 1.5%

Shares of NYSE FRT traded down $1.42 during midday trading on Wednesday, reaching $96.42. 582,808 shares of the company's stock traded hands, compared to its average volume of 698,240. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock's 50 day simple moving average is $93.95 and its 200-day simple moving average is $102.08. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 2.20 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same period last year, the firm earned $1.64 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FRT. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Mizuho dropped their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and decreased their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Citigroup restated a "neutral" rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Finally, Piper Sandler reduced their price objective on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus price target of $113.33.

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.