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Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Schonfeld Strategic Advisors LLC

Federal Realty Investment Trust logo with Finance background

Schonfeld Strategic Advisors LLC lessened its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 98.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,902 shares of the real estate investment trust's stock after selling 162,956 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Federal Realty Investment Trust were worth $213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake 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 last quarter. Smartleaf Asset Management LLC increased its stake 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 worth $62,000 after acquiring an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Federal Realty Investment Trust by 592.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 592 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth $91,000. Finally, Hopwood Financial Services Inc. acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth $101,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Up 1.3%

NYSE:FRT traded up $1.23 during midday trading on Friday, reaching $97.94. The company had a trading volume of 848,834 shares, compared to its average volume of 684,223. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.20 and a beta of 1.10. The stock's fifty day simple moving average is $94.34 and its 200-day simple moving average is $104.31. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. 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 (NYSE:FRT - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Federal Realty Investment Trust's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio is presently 126.07%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FRT. Citigroup reissued a "neutral" rating and set 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. Raymond James cut their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Scotiabank cut their target price on Federal Realty Investment Trust from $117.00 to $111.00 and set a "sector outperform" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on 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, Stifel Nicolaus lowered 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. 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 an average rating of "Moderate Buy" and a consensus target price of $116.00.

Get Our Latest Research Report on Federal Realty Investment Trust

Federal Realty Investment Trust Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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