Wealth Enhancement Advisory Services LLC Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,263 shares of the real estate investment trust's stock, valued at approximately $365,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FRT. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $51,000. Venturi Wealth Management LLC boosted its stake in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Federal Realty Investment Trust by 592.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 592 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT traded down $1.43 on Friday, reaching $95.21. 405,449 shares of the company's stock traded hands, compared to its average volume of 698,217. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.20 and a beta of 1.11. The stock has a 50 day moving average price of $94.38 and a 200-day moving average price of $101.80. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. 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 posted its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same period in the previous year, the firm posted $1.64 earnings per share. The firm's quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FRT. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Raymond James lowered their price objective 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. Mizuho lowered their price objective 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. Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.33.

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.