Price T Rowe Associates Inc. MD Buys 19,529 Shares of Federal Realty Investment Trust (NYSE:FRT)

Price T Rowe Associates Inc. MD increased its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,348 shares of the real estate investment trust's stock after purchasing an additional 19,529 shares during the period. Price T Rowe Associates Inc. MD owned 0.40% of Federal Realty Investment Trust worth $37,432,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FRT. Vanguard Group Inc. boosted its position in shares of Federal Realty Investment Trust by 1.7% in the fourth 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 acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $810,544,000. JPMorgan Chase & Co. grew its stake in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after buying an additional 168,885 shares during the period. Invesco Ltd. increased its holdings in shares of Federal Realty Investment Trust by 41.4% during the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock worth $341,833,000 after buying an additional 893,258 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Federal Realty Investment Trust by 4.0% in 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 period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Down 1.0 %

NYSE FRT traded down $1.01 on Monday, hitting $95.51. 85,945 shares of the stock traded hands, compared to its average volume of 810,762. The company has a market capitalization of $8.19 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The stock has a 50-day moving average of $95.72 and a 200 day moving average of $105.42. 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 has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. As a group, analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.61%. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Raymond James cut 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. Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Citigroup reissued a "neutral" rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Stifel Nicolaus reduced their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of $116.00.

Federal Realty Investment Trust 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.