Royal Bank of Canada Has $51.45 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Royal Bank of Canada lowered its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,601 shares of the real estate investment trust's stock after selling 3,962 shares during the period. Royal Bank of Canada owned about 0.55% of Federal Realty Investment Trust worth $51,452,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FRT. Kapitalo Investimentos Ltda acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $51,000. Venturi Wealth Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after buying an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 111 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Federal Realty Investment Trust by 592.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 592 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $91,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Performance

FRT stock traded up $2.16 on Tuesday, reaching $94.72. 88,412 shares of the company were exchanged, compared to its average volume of 687,117. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The stock's fifty day moving average price is $94.07 and its 200 day moving average price is $103.42. The firm has a market capitalization of $8.12 billion, a PE ratio of 27.57, a PEG ratio of 2.20 and a beta of 1.10. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

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 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $1.64 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.65%. Federal Realty Investment Trust's dividend payout ratio is presently 126.07%.

Analyst Ratings Changes

Several analysts recently commented on FRT shares. Mizuho decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. 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 report on Thursday, March 13th. Citigroup restated a "neutral" rating and set a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Finally, Raymond James decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.64.

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.