OFI Invest Asset Management Makes New $503,000 Investment in Federal Realty Investment Trust (NYSE:FRT)

OFI Invest Asset Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,652 shares of the real estate investment trust’s stock, valued at approximately $503,000.

A number of other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 111 shares during the period. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 137 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $101.21 on Monday. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The stock has a fifty day simple moving average of $106.56 and a 200 day simple moving average of $111.27. 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 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

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 given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.35%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 128.28%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus cut their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Scotiabank cut their price target on 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, Mizuho cut their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.