Empowered Funds LLC Invests $316,000 in Federal Realty Investment Trust (NYSE:FRT)

Empowered Funds LLC acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,850 shares of the real estate investment trust’s stock, valued at approximately $316,000.

A number of other institutional investors have also recently added to or reduced their stakes in FRT. Vest Financial LLC lifted its holdings in Federal Realty Investment Trust by 9.7% in the fourth quarter. Vest Financial LLC now owns 498,244 shares of the real estate investment trust’s stock valued at $55,778,000 after acquiring an additional 43,917 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in shares of Federal Realty Investment Trust by 16.1% in the 4th quarter. Global X Japan Co. Ltd. now owns 4,566 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 632 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Federal Realty Investment Trust by 4.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,665 shares of the real estate investment trust’s stock valued at $2,313,000 after purchasing an additional 911 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Federal Realty Investment Trust by 2.8% in the fourth quarter. State of Alaska Department of Revenue now owns 49,442 shares of the real estate investment trust’s stock valued at $5,534,000 after buying an additional 1,365 shares during the last quarter. Finally, NovaPoint Capital LLC increased its holdings in shares of Federal Realty Investment Trust by 3.9% in the 4th quarter. NovaPoint Capital LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FRT. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $122.00 to $125.00 in a report on Friday, December 20th. Stifel Nicolaus cut their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Scotiabank upped their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $123.23.

Federal Realty Investment Trust Stock Down 0.5 %

Shares of NYSE:FRT opened at $104.52 on Friday. The stock’s fifty day simple moving average is $108.40 and its 200-day simple moving average is $111.91. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The company has a market capitalization of $8.96 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.21 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

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

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.21%. Federal Realty Investment Trust’s payout ratio is 128.28%.

About Federal Realty Investment Trust

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.