Sandy Spring Bank Lowers Holdings in Federal Realty Investment Trust (NYSE:FRT)

Sandy Spring Bank cut its holdings in Federal Realty Investment Trust (NYSE:FRT) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,634 shares of the real estate investment trust’s stock after selling 406 shares during the period. Sandy Spring Bank’s holdings in Federal Realty Investment Trust were worth $407,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its holdings in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in Federal Realty Investment Trust in the 4th quarter worth approximately $101,000. Finally, Jackson Grant Investment Advisers Inc. lifted its holdings in Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 137 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho lowered their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Truist Financial lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Wells Fargo & Company decreased their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Raymond James decreased their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.77.

Federal Realty Investment Trust Price Performance

FRT opened at $95.03 on Friday. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $104.47 and its 200-day simple moving average is $110.06. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) 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 business had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

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.