Schonfeld Strategic Advisors LLC Lowers Holdings in Federal Realty Investment Trust (NYSE:FRT)

Schonfeld Strategic Advisors LLC reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 98.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,902 shares of the real estate investment trust’s stock after selling 162,956 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Federal Realty Investment Trust were worth $213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Barclays PLC grew its position in Federal Realty Investment Trust by 3.4% during the 3rd quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust’s stock valued at $15,232,000 after purchasing an additional 4,324 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Federal Realty Investment Trust by 6.2% in the third quarter. Tidal Investments LLC now owns 2,607 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 153 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 8.7% during the third 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 during the last quarter. JPMorgan Chase & Co. increased its position 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 acquiring an additional 168,885 shares in the last quarter. Finally, Czech National Bank raised its holdings in Federal Realty Investment Trust by 8.2% in the 4th quarter. Czech National Bank now owns 16,582 shares of the real estate investment trust’s stock worth $1,856,000 after acquiring an additional 1,257 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company reduced their target price 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 target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Citigroup reiterated a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Raymond James lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Finally, Mizuho dropped their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $96.90 on Wednesday. The firm’s 50 day simple moving average is $94.54 and its 200-day simple moving average is $104.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The firm has a market cap of $8.31 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. During the same period in the previous year, the company posted $1.64 EPS. Federal Realty Investment Trust’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.54%. Federal Realty Investment Trust’s dividend payout ratio is currently 126.07%.

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.