Rockefeller Capital Management L.P. Makes New $8.49 Million Investment in Federal Realty Investment Trust (NYSE:FRT)

Rockefeller Capital Management L.P. acquired a new position in Federal Realty Investment Trust (NYSE:FRT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,880 shares of the real estate investment trust’s stock, valued at approximately $8,493,000.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at approximately $810,544,000. Centersquare Investment Management LLC lifted its position in Federal Realty Investment Trust by 935.8% in the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock worth $116,654,000 after purchasing an additional 941,414 shares during the period. Invesco Ltd. boosted its stake in 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 buying 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 4th 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 period. Finally, APG Asset Management US Inc. acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $20,243,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Down 0.2 %

Shares of NYSE FRT opened at $92.13 on Thursday. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year 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. The company has a 50-day moving average of $98.72 and a two-hundred day moving average of $106.96. The company has a market cap of $7.90 billion, a PE ratio of 26.86, a P/E/G ratio of 2.20 and a beta of 1.08.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate 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 analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.78%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FRT shares. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Scotiabank dropped their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Mizuho decreased their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.00.

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.