Jump Financial LLC Lowers Position in Federal Realty Investment Trust (NYSE:FRT)

Jump Financial LLC reduced its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 77.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,800 shares of the real estate investment trust's stock after selling 44,062 shares during the period. Jump Financial LLC's holdings in Federal Realty Investment Trust were worth $1,433,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FRT. Vanguard Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock worth $1,459,947,000 after acquiring an additional 218,671 shares during the last quarter. Norges Bank bought a new position in Federal Realty Investment Trust during the fourth quarter worth $810,544,000. JPMorgan Chase & Co. increased its holdings in shares of Federal Realty Investment Trust by 3.6% in 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. Invesco Ltd. raised its position in shares of Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Federal Realty Investment Trust by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock worth $227,457,000 after buying an additional 77,783 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Raymond James decreased their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Citigroup reaffirmed a "neutral" rating and set a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Scotiabank cut their price objective 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. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

Federal Realty Investment Trust Trading Down 1.1 %

Shares of NYSE FRT traded down $1.09 during midday trading on Friday, reaching $94.42. The stock had a trading volume of 131,760 shares, compared to its average volume of 678,035. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month 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. The company's 50 day moving average price is $96.94 and its 200 day moving average price is $106.21. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08.

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 EPS for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS 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 paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.66%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

Federal Realty Investment Trust Company 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.