Vanguard Group Inc. Trims Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Vanguard Group Inc. reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,537,369 shares of the real estate investment trust’s stock after selling 88,328 shares during the quarter. Vanguard Group Inc. owned approximately 15.11% of Federal Realty Investment Trust worth $1,291,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FRT. UBS Group AG grew its position in shares of Federal Realty Investment Trust by 4.4% in the 3rd quarter. UBS Group AG now owns 155,823 shares of the real estate investment trust’s stock worth $14,122,000 after buying an additional 6,552 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Federal Realty Investment Trust by 2.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,280 shares of the real estate investment trust’s stock worth $3,379,000 after buying an additional 841 shares during the period. Rafferty Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 4.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 8,200 shares of the real estate investment trust’s stock worth $743,000 after buying an additional 375 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Federal Realty Investment Trust by 7.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 53,574 shares of the real estate investment trust’s stock worth $4,855,000 after buying an additional 3,753 shares during the period. Finally, FMR LLC grew its position in shares of Federal Realty Investment Trust by 195.8% in the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock worth $12,309,000 after buying an additional 89,898 shares during the period. 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 $101.02 on Friday. The firm’s 50 day moving average price is $101.06 and its 200-day moving average price is $101.30. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $107.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $8.38 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Evercore ISI dropped their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Mizuho upped their price target on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Wells Fargo & Company upped their price target on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Scotiabank upped their price target on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $114.00.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.