Federal Realty Investment Trust (NYSE:FRT) Stock Holdings Lifted by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,200 shares of the real estate investment trust’s stock after acquiring an additional 1,614 shares during the period. HighTower Advisors LLC’s holdings in Federal Realty Investment Trust were worth $4,053,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. AGF Management Ltd. increased its position in shares of Federal Realty Investment Trust by 47.6% in the fourth quarter. AGF Management Ltd. now owns 4,650 shares of the real estate investment trust’s stock worth $521,000 after acquiring an additional 1,500 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of Federal Realty Investment Trust by 7.1% in the 4th quarter. Independent Advisor Alliance now owns 6,585 shares of the real estate investment trust’s stock valued at $737,000 after purchasing an additional 438 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 2.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 33,355 shares of the real estate investment trust’s stock valued at $3,734,000 after purchasing an additional 739 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Federal Realty Investment Trust by 41.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,460 shares of the real estate investment trust’s stock valued at $7,552,000 after purchasing an additional 19,728 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $503,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $97.28 on Friday. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The business has a 50-day moving average of $104.60 and a two-hundred day moving average of $110.20. The stock has a market capitalization of $8.34 billion, a P/E ratio of 28.36, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

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

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Analyst Ratings Changes

FRT has been the topic of a number of research reports. Scotiabank dropped their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus dropped their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Raymond James cut their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.77.

About Federal Realty Investment Trust

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.