Vident Advisory LLC Sells 7,088 Shares of Federal Realty Investment Trust (NYSE:FRT)

Vident Advisory LLC lessened its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,692 shares of the real estate investment trust's stock after selling 7,088 shares during the quarter. Vident Advisory LLC's holdings in Federal Realty Investment Trust were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Federal Realty Investment Trust by 3.4% in the 3rd quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust's stock worth $15,232,000 after acquiring an additional 4,324 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Park Avenue Securities LLC grew its position in Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock worth $533,000 after purchasing an additional 125 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $338,000. Finally, Blue Trust Inc. increased its stake in shares of Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock worth $159,000 after acquiring an additional 175 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRT has been the subject of a number of analyst reports. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. reduced their target price on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Finally, Mizuho lowered 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. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.64.

Federal Realty Investment Trust Stock Performance

NYSE FRT traded up $2.55 during trading hours on Tuesday, reaching $95.11. 327,461 shares of the company were exchanged, compared to its average volume of 801,606. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.16 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The business's 50 day simple moving average is $94.07 and its 200-day simple moving average is $103.42.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results 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 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 net margin of 24.38% and a return on equity of 9.89%. The company's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share. On average, equities research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.63%. Federal Realty Investment Trust's payout ratio is 126.07%.

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.