Proficio Capital Partners LLC acquired a new stake in Federal Realty Investment Trust (NYSE:FRT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 24,853 shares of the real estate investment trust’s stock, valued at approximately $2,782,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust in the third quarter valued at about $36,000. Venturi Wealth Management LLC boosted its position in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC boosted 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 during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 137 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 175 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
FRT has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Stifel Nicolaus cut their price objective on shares of 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. JPMorgan Chase & Co. cut their price objective 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, Scotiabank cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $119.77.
Federal Realty Investment Trust Stock Performance
Federal Realty Investment Trust stock opened at $97.30 on Wednesday. The business has a 50 day moving average of $104.89 and a 200-day moving average of $110.38. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $8.34 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.20 and a beta of 1.27.
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. On average, equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.
Federal Realty Investment Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.
About Federal Realty Investment Trust
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.
Read More
Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT – Free Report).
Receive News & Ratings for Federal Realty Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Federal Realty Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.