Westwood Holdings Group Inc. Sells 25,216 Shares of Federal Realty Investment Trust (NYSE:FRT)

Westwood Holdings Group Inc. cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 919,547 shares of the real estate investment trust's stock after selling 25,216 shares during the period. Federal Realty Investment Trust comprises approximately 0.8% of Westwood Holdings Group Inc.'s investment portfolio, making the stock its 29th biggest position. Westwood Holdings Group Inc. owned 1.11% of Federal Realty Investment Trust worth $102,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRT. Toronto Dominion Bank increased its holdings in shares of Federal Realty Investment Trust by 10.6% during the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust's stock worth $3,426,000 after buying an additional 2,938 shares in the last quarter. Rush Island Management LP increased its holdings in shares of Federal Realty Investment Trust by 18.1% during the fourth 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 increased its holdings in shares of Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock worth $394,417,000 after buying an additional 389,266 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Federal Realty Investment Trust by 19.1% during the fourth quarter. Quantinno Capital Management LP now owns 35,519 shares of the real estate investment trust's stock worth $3,976,000 after buying an additional 5,693 shares in the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $126,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $97.94 on Monday. The firm's 50-day moving average price is $94.34 and its 200-day moving average price is $104.19. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The firm has a market capitalization of $8.40 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.20 and a beta of 1.10. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

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, beating the consensus estimate 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 firm had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share 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. Investors of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.49%. Federal Realty Investment Trust's dividend payout ratio is presently 126.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating for the company in a report on Wednesday, April 23rd. Citigroup reaffirmed a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

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.

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