Quadrature Capital Ltd Decreases Position in Federal Realty Investment Trust (NYSE:FRT)

Quadrature Capital Ltd reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 30.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,095 shares of the real estate investment trust’s stock after selling 6,262 shares during the quarter. Quadrature Capital Ltd’s holdings in Federal Realty Investment Trust were worth $1,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Federal Realty Investment Trust by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after acquiring an additional 193,740 shares in the last quarter. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at $743,378,000. Massachusetts Financial Services Co. MA lifted its position in shares of Federal Realty Investment Trust by 53.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after acquiring an additional 469,425 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Federal Realty Investment Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after acquiring an additional 40,984 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Federal Realty Investment Trust by 29.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock valued at $42,002,000 after acquiring an additional 93,048 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 2.3 %

NYSE:FRT traded up $2.49 on Friday, hitting $109.55. 309,546 shares of the stock were exchanged, compared to its average volume of 427,486. The stock has a market cap of $9.09 billion, a PE ratio of 38.99, a PEG ratio of 2.14 and a beta of 1.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average of $102.34 and a 200-day moving average of $101.57. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $111.02.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 21st were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $4.36 annualized dividend and a yield of 3.98%. Federal Realty Investment Trust’s dividend payout ratio is presently 155.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FRT shares. Mizuho upped their price objective on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Scotiabank increased their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Evercore ISI reduced their target price on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, Bank of America increased their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $114.00.

About Federal Realty Investment Trust

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.