Proficio Capital Partners LLC Buys New Holdings in Federal Realty Investment Trust (NYSE:FRT)

Proficio Capital Partners LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,853 shares of the real estate investment trust’s stock, valued at approximately $2,782,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV lifted its holdings in shares of Federal Realty Investment Trust by 11.8% during the 3rd quarter. KBC Group NV now owns 1,929 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 204 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Federal Realty Investment Trust by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 10,753 shares of the real estate investment trust’s stock worth $1,236,000 after acquiring an additional 850 shares during the period. Prudent Man Advisors LLC bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth about $211,000. LMR Partners LLP bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth about $416,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 5.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 31,426 shares of the real estate investment trust’s stock worth $3,613,000 after acquiring an additional 1,664 shares during the period. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of recent analyst reports. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.77.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $97.30 on Wednesday. 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 twelve month low of $94.58 and a twelve month high of $118.34. The firm’s 50 day moving average price is $104.89 and its two-hundred day moving average price is $110.38. The firm has a market cap of $8.34 billion, a P/E ratio of 28.37, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. On average, analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Federal Realty Investment Trust Company 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.