Squarepoint Ops LLC Cuts Stake in Federal Realty Investment Trust (NYSE:FRT)

Squarepoint Ops LLC cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 65.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,589 shares of the real estate investment trust's stock after selling 66,358 shares during the period. Squarepoint Ops LLC's holdings in Federal Realty Investment Trust were worth $3,872,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after purchasing an additional 218,671 shares during the period. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $810,544,000. JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Resolution Capital Ltd raised its stake in Federal Realty Investment Trust by 12.4% in the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after purchasing an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FRT has been the topic of several research reports. Raymond James lowered their price objective on shares of 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. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Piper Sandler decreased their price objective 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. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average price target of $113.33.

Federal Realty Investment Trust Trading Down 0.5%

Shares of FRT stock traded down $0.45 during trading hours on Friday, reaching $95.52. The company's stock had a trading volume of 264,288 shares, compared to its average volume of 689,277. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The stock has a market capitalization of $8.19 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.20 and a beta of 1.10. The firm's fifty day simple moving average is $93.97 and its 200 day simple moving average is $103.18.

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 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 business had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same period in the previous year, the firm earned $1.64 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 126.07%.

About Federal Realty Investment Trust

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.