Price T Rowe Associates Inc. MD Grows Holdings in Federal Realty Investment Trust (NYSE:FRT)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 334,348 shares of the real estate investment trust’s stock after purchasing an additional 19,529 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.40% of Federal Realty Investment Trust worth $37,432,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FRT. Vanguard Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $810,544,000. JPMorgan Chase & Co. increased its holdings in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the period. Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after purchasing an additional 893,258 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust’s stock worth $227,457,000 after purchasing an additional 77,783 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $94.05 on Wednesday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The stock has a market cap of $8.07 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The business’s fifty day moving average price is $96.31 and its two-hundred day moving average price is $105.84. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting 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 firm had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. On average, analysts forecast 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 was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.68%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 128.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FRT shares. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Citigroup reissued a “neutral” rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Stifel Nicolaus decreased their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $116.00.

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.