Voloridge Investment Management LLC Sells 158,324 Shares of Federal Realty Investment Trust (NYSE:FRT)

Voloridge Investment Management LLC cut its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 53.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 135,620 shares of the real estate investment trust's stock after selling 158,324 shares during the period. Voloridge Investment Management LLC owned about 0.16% of Federal Realty Investment Trust worth $15,183,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 168,885 shares during the period. LPL Financial LLC boosted its holdings in shares of Federal Realty Investment Trust by 17.5% in the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock valued at $9,324,000 after buying an additional 12,387 shares during the period. Vert Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock valued at $3,697,000 after buying an additional 3,617 shares during the period. Blue Trust Inc. boosted its holdings in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 175 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at about $338,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. 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 for the company in a research note on Thursday, May 22nd. Raymond James reduced their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Finally, BMO Capital Markets reissued an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.33.

Federal Realty Investment Trust Trading Up 0.9%

Shares of NYSE:FRT traded up $0.85 during mid-day trading on Thursday, hitting $95.69. The stock had a trading volume of 215,740 shares, compared to its average volume of 688,270. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $8.21 billion, a PE ratio of 27.86, a P/E/G ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company's 50 day moving average is $94.02 and its 200-day moving average is $103.31.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results 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 business 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 firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared 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 is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.60%. Federal Realty Investment Trust's dividend payout ratio is currently 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.