Kayne Anderson Rudnick Investment Management LLC Purchases 3,104 Shares of Federal Realty Investment Trust (NYSE:FRT)

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,520 shares of the real estate investment trust's stock after purchasing an additional 3,104 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Federal Realty Investment Trust were worth $1,961,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of 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 buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 worth $62,000 after buying an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 592 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $91,000. Finally, Hopwood Financial Services Inc. purchased a new position in Federal Realty Investment Trust during the 4th quarter valued at about $101,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 0.1 %

FRT traded down $0.08 during midday trading on Monday, hitting $94.30. 111,153 shares of the company were exchanged, compared to its average volume of 817,348. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $8.09 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.20 and a beta of 1.08. The firm's 50 day moving average price is $96.73 and its 200-day moving average price is $106.04.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly 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 business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.67%. Federal Realty Investment Trust's payout ratio is 128.28%.

Analyst Ratings Changes

FRT has been the subject of a number of research reports. Scotiabank lowered their price target on Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus decreased their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Citigroup restated a "neutral" rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Raymond James lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and decreased their target price for the company 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 seven have issued a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of "Moderate Buy" and an average price target of $116.00.

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.