Fisher Asset Management LLC Sells 16,565 Shares of Federal Realty Investment Trust (NYSE:FRT)

Fisher Asset Management LLC reduced its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,009 shares of the real estate investment trust's stock after selling 16,565 shares during the period. Fisher Asset Management LLC owned 0.07% of Federal Realty Investment Trust worth $5,772,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FRT. JPMorgan Chase & Co. grew its holdings in Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust's stock worth $427,538,000 after purchasing an additional 509,909 shares during the period. Invesco Ltd. increased its position in Federal Realty Investment Trust by 0.9% in the 3rd quarter. Invesco Ltd. now owns 1,912,936 shares of the real estate investment trust's stock valued at $173,369,000 after buying an additional 16,714 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Federal Realty Investment Trust by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,114,841 shares of the real estate investment trust's stock valued at $101,038,000 after buying an additional 19,749 shares in the last quarter. Northern Trust Corp raised its stake in Federal Realty Investment Trust by 1.9% during the 3rd quarter. Northern Trust Corp now owns 1,024,458 shares of the real estate investment trust's stock worth $92,847,000 after buying an additional 19,516 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Federal Realty Investment Trust in the third quarter worth approximately $80,342,000. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

FRT stock traded up $0.99 during mid-day trading on Tuesday, hitting $103.11. The company had a trading volume of 699,905 shares, compared to its average volume of 666,606. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $8.55 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The stock's fifty day moving average price is $100.95 and its two-hundred day moving average price is $99.43.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. During the same period last year, the firm posted $1.58 EPS. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust's dividend payout ratio is currently 155.16%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho cut their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating on the stock in a report on Friday, February 23rd. Bank of America upped their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $110.00 to $112.00 in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Finally, Truist Financial reaffirmed a "buy" rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and a consensus target price of $113.30.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.