Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 13.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 529,083 shares of the real estate investment trust’s stock after selling 80,608 shares during the period. Russell Investments Group Ltd. owned approximately 0.64% of Federal Realty Investment Trust worth $59,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in shares of Federal Realty Investment Trust by 80.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 119,993 shares of the real estate investment trust’s stock worth $13,433,000 after purchasing an additional 53,474 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Federal Realty Investment Trust during the 4th quarter worth $5,012,000. Wells Fargo & Company MN lifted its holdings in Federal Realty Investment Trust by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 905,884 shares of the real estate investment trust’s stock worth $101,414,000 after buying an additional 38,227 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after buying an additional 941,414 shares during the last quarter. Finally, World Investment Advisors grew its stake in shares of Federal Realty Investment Trust by 305.5% during the fourth quarter. World Investment Advisors now owns 7,778 shares of the real estate investment trust’s stock valued at $871,000 after acquiring an additional 5,860 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $88.98 on Monday. The company has a market cap of $7.63 billion, a P/E ratio of 25.94, a PEG ratio of 2.20 and a beta of 1.08. The business has a 50 day moving average of $102.73 and a two-hundred day moving average of $108.58. Federal Realty Investment Trust has a 52 week low of $86.33 and a 52 week high of $118.34. 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 released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $311.85 million. As a group, analysts anticipate 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 paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.95%. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Analysts Set New Price Targets

A number of brokerages recently commented on FRT. Raymond James reduced their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Citigroup reaffirmed a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. JPMorgan Chase & Co. decreased their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, 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 research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.00.

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.