Mercer Global Advisors Inc. ADV Purchases Shares of 26,118 Federal Realty Investment Trust (NYSE:FRT)

Mercer Global Advisors Inc. ADV purchased a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,118 shares of the real estate investment trust's stock, valued at approximately $2,924,000.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $51,000. Venturi Wealth Management LLC grew its holdings in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC raised its position in Federal Realty Investment Trust by 25.0% during 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. Brown Brothers Harriman & Co. lifted its holdings 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 during the period. Finally, Headlands Technologies LLC purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth approximately $91,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 1.7 %

Shares of FRT stock traded down $1.66 during trading on Friday, hitting $93.57. 1,249,883 shares of the stock traded hands, compared to its average volume of 678,618. The firm has a market capitalization of $8.03 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The firm's fifty day moving average price is $94.73 and its 200-day moving average price is $104.87.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. The company's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 EPS. As a group, research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.70%. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FRT shares. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Citigroup restated 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. JPMorgan Chase & Co. lowered their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Mizuho reduced their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Scotiabank lowered their price target on Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price 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.