Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 80.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,993 shares of the real estate investment trust’s stock after buying an additional 53,474 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of Federal Realty Investment Trust worth $13,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its stake in shares of Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC grew its stake 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 buying an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 592 shares during the period. Headlands Technologies LLC acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at about $91,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $101,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $92.13 on Thursday. The company has a 50-day moving average price of $98.72 and a two-hundred day moving average price of $106.96. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is 128.28%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FRT shares. Citigroup reissued a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Scotiabank reduced their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company dropped their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target 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. Finally, Stifel Nicolaus lowered 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 note on Friday, February 14th. Five 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.00.

Federal Realty Investment Trust Company 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.