Federal Realty Investment Trust (NYSE:FRT) Holdings Lifted by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,289 shares of the real estate investment trust’s stock after buying an additional 12,387 shares during the period. LPL Financial LLC’s holdings in Federal Realty Investment Trust were worth $9,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in Federal Realty Investment Trust by 1,463.8% in the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after buying an additional 572,008 shares in the last quarter. FMR LLC boosted its position in Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock worth $65,856,000 after acquiring an additional 498,146 shares during the period. Wellington Management Group LLP bought a new position in shares of Federal Realty Investment Trust in the third quarter worth $26,548,000. JPMorgan Chase & Co. increased its holdings in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at about $17,187,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 4.0 %

Shares of Federal Realty Investment Trust stock opened at $88.98 on Friday. Federal Realty Investment Trust has a 12-month low of $88.71 and a 12-month high of $118.34. The firm has a market capitalization of $7.62 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock’s fifty day moving average is $102.73 and its 200-day moving average is $108.68.

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

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.95%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Mizuho decreased their price objective 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. Citigroup reissued a “neutral” rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Wells Fargo & Company decreased their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.62.

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.