AlphaQuest LLC Sells 16,464 Shares of Federal Realty Investment Trust (NYSE:FRT)

AlphaQuest LLC decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 93.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165 shares of the real estate investment trust’s stock after selling 16,464 shares during the quarter. AlphaQuest LLC’s holdings in Federal Realty Investment Trust were worth $130,000 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 FRT. Principal Financial Group Inc. lifted its holdings in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Federal Realty Investment Trust by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 167 shares in the last quarter. KBC Group NV raised its holdings in shares of Federal Realty Investment Trust by 11.8% in the 3rd quarter. KBC Group NV now owns 1,929 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 204 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Federal Realty Investment Trust by 25.3% in the 3rd quarter. Metis Global Partners LLC now owns 9,194 shares of the real estate investment trust’s stock valued at $1,057,000 after purchasing an additional 1,856 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Federal Realty Investment Trust by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 10,753 shares of the real estate investment trust’s stock valued at $1,236,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

FRT has been the subject of several recent research reports. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Mizuho reduced their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $119.77.

Federal Realty Investment Trust Stock Up 1.8 %

NYSE:FRT opened at $97.92 on Tuesday. The company has a market cap of $8.39 billion, a PE ratio of 28.55, a P/E/G ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a twelve month low of $94.58 and a twelve month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $105.21 and its two-hundred day moving average is $110.62.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate 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 anticipate 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 will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

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.