Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 58,288 shares of the real estate investment trust’s stock after selling 1,388 shares during the quarter. Federal Realty Investment Trust accounts for 0.8% of Lincluden Management Ltd.’s investment portfolio, making the stock its 29th largest position. Lincluden Management Ltd. owned 0.07% of Federal Realty Investment Trust worth $6,525,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in Federal Realty Investment Trust by 1,463.8% during the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after purchasing an additional 572,008 shares in the last quarter. FMR LLC raised its holdings in shares of Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after buying an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Federal Realty Investment Trust by 456.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after buying an additional 496,129 shares during the period. Wellington Management Group LLP acquired a new position in Federal Realty Investment Trust during the 3rd quarter worth about $26,548,000. Finally, JPMorgan Chase & Co. boosted its holdings in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $105.59 on Tuesday. The stock’s 50-day simple moving average is $108.02 and its 200-day simple moving average is $111.82. The firm has a market capitalization of $9.05 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. 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 4.17%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company reduced their target price on shares of 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. Raymond James dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on 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. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.23.

Federal Realty Investment Trust 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.