Federal Realty Investment Trust (NYSE:FRT) Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP lessened its stake in Federal Realty Investment Trust (NYSE:FRT) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,744 shares of the real estate investment trust’s stock after selling 10,534 shares during the quarter. RWC Asset Management LLP’s holdings in Federal Realty Investment Trust were worth $19,038,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 97 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Federal Realty Investment Trust by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after buying an additional 100 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock worth $3,310,000 after buying an additional 130 shares in the last quarter. Mariner LLC increased its position in shares of Federal Realty Investment Trust by 2.2% in the 3rd quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 134 shares during the last quarter. Finally, CWM LLC grew its position in shares of Federal Realty Investment Trust by 15.0% during the 3rd quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock traded down $0.38 on Friday, hitting $102.19. 559,732 shares of the company’s stock traded hands, compared to its average volume of 536,914. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $107.61. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 1.95 and a beta of 1.21. The stock has a fifty day moving average of $100.30 and a 200-day moving average of $98.59. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FRT. Mizuho lowered their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. Bank of America upped their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.70.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.