Private Advisor Group LLC Sells 731 Shares of Federal Realty Investment Trust (NYSE:FRT)

Private Advisor Group LLC lessened its holdings in Federal Realty Investment Trust (NYSE:FRT) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,659 shares of the real estate investment trust’s stock after selling 731 shares during the quarter. Private Advisor Group LLC’s holdings in Federal Realty Investment Trust were worth $298,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Federal Realty Investment Trust by 12.7% during the 3rd quarter. Van ECK Associates Corp now owns 35,370 shares of the real estate investment trust’s stock worth $4,047,000 after buying an additional 3,992 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 0.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 111,230 shares of the real estate investment trust’s stock worth $12,788,000 after buying an additional 752 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after purchasing an additional 7,501 shares during the period. JB Capital LLC grew its stake in Federal Realty Investment Trust by 7.1% in the third quarter. JB Capital LLC now owns 14,560 shares of the real estate investment trust’s stock valued at $1,674,000 after acquiring an additional 969 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of Federal Realty Investment Trust in the third quarter valued at $226,000. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.5 %

Shares of Federal Realty Investment Trust stock opened at $103.55 on Thursday. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $8.87 billion, a PE ratio of 30.19, a PEG ratio of 2.20 and a beta of 1.24. The company has a 50 day simple moving average of $107.18 and a two-hundred day simple moving average of $111.49.

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

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid 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 4.25%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 128.28%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FRT shares. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Raymond James cut their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus reduced their target price 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. Scotiabank reduced their target price 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 note on Friday, February 28th. Finally, Wells Fargo & Company reduced their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

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.