Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,969 shares of the real estate investment trust's stock after selling 29,502 shares during the quarter. Guggenheim Capital LLC owned 0.08% of Federal Realty Investment Trust worth $7,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FRT. FIL Ltd raised its holdings in Federal Realty Investment Trust by 0.3% in the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after purchasing an additional 95 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock valued at $734,000 after buying an additional 110 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 111 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of 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 valued at $533,000 after buying an additional 125 shares in the last quarter. Finally, Keybank National Association OH grew its stake in Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock valued at $293,000 after acquiring an additional 128 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded up $0.80 during mid-day trading on Wednesday, reaching $94.37. The stock had a trading volume of 266,118 shares, compared to its average volume of 819,271. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company has a market cap of $8.10 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The business has a 50-day simple moving average of $97.33 and a 200 day simple moving average of $106.39. 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 earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. On average, sell-side analysts anticipate 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 was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 128.28%.

Analysts Set New Price Targets

FRT has been the topic of several research analyst reports. Citigroup reiterated a "neutral" rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Wells Fargo & Company lowered their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Truist Financial downgraded Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Scotiabank dropped their target price 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.00.

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.