FourThought Financial Partners LLC Reduces Stock Position in Federal Realty Investment Trust (NYSE:FRT)

FourThought Financial Partners LLC trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 9,373 shares of the real estate investment trust’s stock after selling 243 shares during the period. FourThought Financial Partners LLC’s holdings in Federal Realty Investment Trust were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new stake in Federal Realty Investment Trust during the 3rd quarter valued at $80,342,000. JPMorgan Chase & Co. lifted its holdings in Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock valued at $427,538,000 after acquiring an additional 509,909 shares during the period. PGGM Investments grew its stake in shares of Federal Realty Investment Trust by 132.0% during the 3rd quarter. PGGM Investments now owns 600,368 shares of the real estate investment trust’s stock valued at $54,411,000 after purchasing an additional 341,590 shares during the period. Barclays PLC lifted its stake in shares of Federal Realty Investment Trust by 101.4% in the 3rd quarter. Barclays PLC now owns 354,022 shares of the real estate investment trust’s stock worth $32,084,000 after purchasing an additional 178,285 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of Federal Realty Investment Trust by 45.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 337,900 shares of the real estate investment trust’s stock worth $30,624,000 after buying an additional 104,800 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

FRT has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Evercore ISI cut their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday. Barclays raised their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $109.00 to $110.00 in a research report on Monday, April 22nd. Finally, Bank of America upped their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.30.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $2.90 on Friday, reaching $102.01. The company had a trading volume of 1,336,869 shares, compared to its average volume of 625,133. The firm’s 50 day moving average price is $100.75 and its 200 day moving average price is $99.14. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The stock has a market capitalization of $8.46 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. During the same period last year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Federal Realty Investment Trust Company 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.