Everence Capital Management Inc. Sells 2,070 Shares of Federal Realty Investment Trust (NYSE:FRT)

Everence Capital Management Inc. trimmed its stake in Federal Realty Investment Trust (NYSE:FRT) by 46.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,380 shares of the real estate investment trust’s stock after selling 2,070 shares during the quarter. Everence Capital Management Inc.’s holdings in Federal Realty Investment Trust were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NBC Securities Inc. grew its stake in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 107 shares during the period. CWM LLC grew its stake in Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 110 shares during the period. PFG Investments LLC grew its stake in Federal Realty Investment Trust by 2.0% in the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after acquiring an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Federal Realty Investment Trust by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 143 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Federal Realty Investment Trust by 1.5% during the third quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock worth $1,123,000 after purchasing an additional 149 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $104.96 on Wednesday. The company has a market capitalization of $8.71 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company’s 50-day moving average is $112.92 and its 200 day moving average is $111.73. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Evercore ISI lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Compass Point lifted their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.62.

Federal Realty Investment Trust 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.