Vident Advisory LLC Sells 7,088 Shares of Federal Realty Investment Trust (NYSE:FRT)

Vident Advisory LLC lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 32.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,692 shares of the real estate investment trust’s stock after selling 7,088 shares during the period. Vident Advisory LLC’s holdings in Federal Realty Investment Trust were worth $1,645,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. FIL Ltd raised its stake in Federal Realty Investment Trust by 0.3% during the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after acquiring an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 110 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 125 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 128 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $93.55 on Friday. The stock’s 50 day moving average is $94.26 and its 200 day moving average is $103.86. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The firm has a market cap of $8.02 billion, a P/E ratio of 27.27, a P/E/G ratio of 2.20 and a beta of 1.10. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same quarter in the previous year, the company earned $1.64 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 4.70%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is 126.07%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of research reports. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a research note on Wednesday. Wells Fargo & Company cut their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Stifel Nicolaus dropped their target price 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. Finally, Mizuho reduced their price target 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.64.

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.