Federal Realty Investment Trust (NYSE:FRT) Shares Sold by PFG Investments LLC

PFG Investments LLC cut its position in Federal Realty Investment Trust (NYSE:FRT) by 3.9% during the first quarter, Holdings Channel reports. The firm owned 6,061 shares of the real estate investment trust’s stock after selling 247 shares during the period. PFG Investments LLC’s holdings in Federal Realty Investment Trust were worth $619,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of FRT. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Federal Realty Investment Trust by 20.3% in the fourth 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 during the last quarter. State of Michigan Retirement System boosted its stake in shares of Federal Realty Investment Trust by 0.5% in the fourth 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 during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Federal Realty Investment Trust by 0.4% in the third 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 during the last quarter. GAMMA Investing LLC boosted its stake in shares of Federal Realty Investment Trust by 7.6% in the first quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 130 shares during the last quarter. Finally, Mariner LLC boosted its stake in shares of Federal Realty Investment Trust by 2.2% in the third quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 134 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded up $1.07 during midday trading on Monday, hitting $103.26. The stock had a trading volume of 365,745 shares, compared to its average volume of 647,060. The company has a market capitalization of $8.56 billion, a PE ratio of 36.88, a P/E/G ratio of 1.94 and a beta of 1.21. The stock has a 50 day simple moving average of $100.36 and a 200-day simple moving average of $98.81. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The company has a quick ratio of 2.64, a current 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 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were given a $1.09 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $4.36 annualized dividend and a dividend yield of 4.22%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded 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 note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Mizuho lowered their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Finally, Bank of America increased their price target on 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.