Toronto Dominion Bank Increases Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Toronto Dominion Bank lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,603 shares of the real estate investment trust's stock after acquiring an additional 2,938 shares during the quarter. Toronto Dominion Bank's holdings in Federal Realty Investment Trust were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $51,000. Venturi Wealth Management LLC raised its position 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 acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC raised its position 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 acquiring an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. raised its position 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 acquiring an additional 592 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $91,000. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James lowered their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday. Mizuho lowered their target price on 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. 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 report on Friday, February 14th. Truist Financial downgraded Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, Citigroup reiterated a "neutral" rating and issued a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.64.

Federal Realty Investment Trust Stock Down 1.2%

Shares of NYSE FRT traded down $1.09 during midday trading on Monday, hitting $92.57. 624,068 shares of the stock traded hands, compared to its average volume of 689,439. The company has a market cap of $7.94 billion, a PE ratio of 26.99, a P/E/G ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The business has a 50 day moving average price of $94.17 and a two-hundred day moving average price of $103.58. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

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 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company 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 4.75%. Federal Realty Investment Trust's dividend payout ratio is 126.07%.

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.