Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Cwm LLC

Cwm LLC reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 919 shares of the real estate investment trust’s stock after selling 176 shares during the quarter. Cwm LLC’s holdings in Federal Realty Investment Trust were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $743,378,000. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock valued at $427,538,000 after purchasing an additional 509,909 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Federal Realty Investment Trust by 53.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after purchasing an additional 469,425 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Federal Realty Investment Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after purchasing an additional 40,984 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Federal Realty Investment Trust by 1.9% in the third quarter. Northern Trust Corp now owns 1,024,458 shares of the real estate investment trust’s stock valued at $92,847,000 after purchasing an additional 19,516 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $100.25 on Monday. The company’s fifty day simple moving average is $101.07 and its 200-day simple moving average is $101.33. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $107.61. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The company has a market cap of $8.32 billion, a PE ratio of 35.68, a P/E/G ratio of 2.02 and a beta of 1.21.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is presently 155.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FRT. Truist Financial lowered their price target on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Bank of America raised their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

About Federal Realty Investment Trust

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.