Two Sigma Investments LP Sells 106,892 Shares of Federal Realty Investment Trust (NYSE:FRT)

Two Sigma Investments LP trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 81.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,188 shares of the real estate investment trust's stock after selling 106,892 shares during the period. Two Sigma Investments LP's holdings in Federal Realty Investment Trust were worth $2,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank lifted its position in shares of Federal Realty Investment Trust by 10.6% in the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust's stock worth $3,426,000 after purchasing an additional 2,938 shares in the last quarter. Rush Island Management LP lifted its position in Federal Realty Investment Trust by 18.1% in the 4th quarter. Rush Island Management LP now owns 1,188,734 shares of the real estate investment trust's stock worth $133,079,000 after buying an additional 182,120 shares in the last quarter. Resolution Capital Ltd boosted its stake in shares of Federal Realty Investment Trust by 12.4% during the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after buying an additional 389,266 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Federal Realty Investment Trust by 19.1% during the 4th quarter. Quantinno Capital Management LP now owns 35,519 shares of the real estate investment trust's stock valued at $3,976,000 after buying an additional 5,693 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at $126,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of research reports. Citigroup reissued a "neutral" rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Raymond James reduced their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Piper Sandler dropped 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 decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average price target of $113.33.

Federal Realty Investment Trust Stock Performance

FRT stock traded up $0.04 during mid-day trading on Wednesday, reaching $95.18. 482,522 shares of the stock traded hands, compared to its average volume of 691,482. The firm has a market capitalization of $8.16 billion, a PE ratio of 27.75, a P/E/G ratio of 2.20 and a beta of 1.10. The business has a 50-day moving average of $93.82 and a two-hundred day moving average of $102.67. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $302.29 million during the quarter, compared to analysts' expectations 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 was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal 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 paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.62%. Federal Realty Investment Trust's payout ratio 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.