Kesler Norman & Wride LLC Has $1.34 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Kesler Norman & Wride LLC grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,005 shares of the real estate investment trust’s stock after purchasing an additional 1,095 shares during the period. Kesler Norman & Wride LLC’s holdings in Federal Realty Investment Trust were worth $1,344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings 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 during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 valued at $62,000 after acquiring an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of 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 purchasing an additional 592 shares during the period. Headlands Technologies LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $91,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $101,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Mizuho cut their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Scotiabank cut their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Raymond James reduced 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. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.62.

Federal Realty Investment Trust Trading Down 0.9 %

FRT opened at $96.90 on Wednesday. The company has a fifty day moving average price of $103.63 and a two-hundred day moving average price of $109.20. Federal Realty Investment Trust has a 1-year low of $94.58 and a 1-year high of $118.34. The company has a market cap of $8.30 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. 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) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date 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.