Smartleaf Asset Management LLC Boosts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Smartleaf Asset Management LLC raised its holdings in Federal Realty Investment Trust (NYSE:FRT) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 555 shares of the real estate investment trust’s stock after purchasing an additional 111 shares during the period. Smartleaf Asset Management LLC’s holdings in Federal Realty Investment Trust were worth $62,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FRT. JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after buying an additional 168,885 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after acquiring an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at approximately $1,322,000. Vert Asset Management LLC raised its position in shares of Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after acquiring an additional 3,617 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $99.82 on Tuesday. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The stock’s fifty day moving average is $106.56 and its 200-day moving average is $111.26. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

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

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Mizuho lowered their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Stifel Nicolaus cut their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank dropped their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Three equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

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.