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

PFG Investments LLC reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 18.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,308 shares of the real estate investment trust’s stock after selling 1,408 shares during the period. PFG Investments LLC’s holdings in Federal Realty Investment Trust were worth $650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ZRC Wealth Management LLC acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $72,000. Pacer Advisors Inc. raised its stake in Federal Realty Investment Trust by 5.6% during the fourth quarter. Pacer Advisors Inc. now owns 4,844 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 259 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Federal Realty Investment Trust by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,808 shares of the real estate investment trust’s stock worth $1,423,000 after purchasing an additional 721 shares during the period. SG Americas Securities LLC boosted its holdings in Federal Realty Investment Trust by 55.6% in the 4th quarter. SG Americas Securities LLC now owns 19,305 shares of the real estate investment trust’s stock valued at $1,989,000 after purchasing an additional 6,897 shares during the last quarter. Finally, Stableford Capital II LLC acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $1,002,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Up 2.8 %

Shares of NYSE FRT opened at $101.54 on Thursday. The stock has a market cap of $8.42 billion, a P/E ratio of 36.26, a PEG ratio of 2.82 and a beta of 1.21. The business’s fifty day simple moving average is $100.84 and its 200-day simple moving average is $97.47. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61. 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 posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same period in the prior year, the business earned $1.58 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Analysts Set New Price Targets

FRT has been the topic of a number of recent analyst reports. Barclays upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Piper Sandler upped their price target on Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Finally, Scotiabank dropped their price target 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $112.60.

Federal Realty Investment Trust Profile

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.