Vest Financial LLC Has $49.85 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Vest Financial LLC raised its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,555 shares of the real estate investment trust's stock after purchasing an additional 11,311 shares during the period. Vest Financial LLC owned 0.59% of Federal Realty Investment Trust worth $49,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1.7% in 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 acquiring an additional 218,671 shares in the last quarter. Norges Bank bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $810,544,000. JPMorgan Chase & Co. raised its stake in shares of Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Resolution Capital Ltd raised its stake in shares of Federal Realty Investment Trust by 12.4% in 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 acquiring an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after acquiring an additional 893,258 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT traded up $2.03 during trading on Friday, hitting $96.50. 839,745 shares of the stock were exchanged, compared to its average volume of 693,975. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The company's fifty day simple moving average is $93.75 and its 200-day simple moving average is $102.43. 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 announced 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. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter last year, the firm earned $1.64 EPS. Federal Realty Investment Trust's revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FRT. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Stifel Nicolaus decreased their price target on shares of 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. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $113.33.

Federal Realty Investment Trust 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.