Raymond James Financial Inc. Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Raymond James Financial Inc. bought a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 153,525 shares of the real estate investment trust's stock, valued at approximately $17,187,000. Raymond James Financial Inc. owned 0.19% of Federal Realty Investment Trust as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in Federal Realty Investment Trust by 244.9% in the 4th 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 lifted its position in shares of Federal Realty Investment Trust by 25.0% in 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 position in shares of 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $91,000. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $101,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Trading Down 1.2 %

Federal Realty Investment Trust stock traded down $1.15 during mid-day trading on Friday, hitting $94.36. The company's stock had a trading volume of 106,843 shares, compared to its average volume of 677,937. The stock's fifty day moving average is $96.94 and its two-hundred day moving average is $106.21. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $8.09 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly 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. The business had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Citigroup reaffirmed a "neutral" rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Scotiabank dropped 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus 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.