Renaissance Technologies LLC Sells 113,986 Shares of Federal Realty Investment Trust (NYSE:FRT)

Renaissance Technologies LLC trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,414 shares of the real estate investment trust's stock after selling 113,986 shares during the period. Renaissance Technologies LLC owned approximately 0.20% of Federal Realty Investment Trust worth $18,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FRT. Norges Bank purchased a new stake in Federal Realty Investment Trust during the 4th quarter worth $810,544,000. Centersquare Investment Management LLC grew its holdings in Federal Realty Investment Trust by 935.8% during the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock worth $116,654,000 after acquiring an additional 941,414 shares in the last quarter. Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 valued at $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 worth $561,743,000 after buying an additional 168,885 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FRT. Stifel Nicolaus decreased their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Mizuho decreased their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Raymond James dropped their target price 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. JPMorgan Chase & Co. cut their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average target price of $116.00.

Federal Realty Investment Trust Stock Up 1.7 %

Shares of NYSE:FRT traded up $1.54 during mid-day trading on Friday, reaching $93.61. 542,239 shares of the stock were exchanged, compared to its average volume of 675,287. The company has a market cap of $8.03 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.20 and a beta of 1.08. The stock's 50 day simple moving average is $98.39 and its 200-day simple moving average is $106.82. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The firm 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%. As a group, equities research analysts predict 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. Investors of record on Tuesday, April 1st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

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.