JPMorgan Chase & Co. Trims Holdings in Federal Realty Investment Trust (NYSE:FRT)

JPMorgan Chase & Co. lowered its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,605,950 shares of the real estate investment trust’s stock after selling 280,042 shares during the period. JPMorgan Chase & Co. owned approximately 5.55% of Federal Realty Investment Trust worth $515,636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust during the third quarter worth $36,000. Venturi Wealth Management LLC lifted its stake in Federal Realty Investment Trust by 244.9% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the period. Hopwood Financial Services Inc. acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at about $101,000. Finally, Jackson Grant Investment Advisers Inc. grew its position 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 valued at $149,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $96.80 on Friday. The company has a 50-day simple moving average of $103.78 and a 200-day simple moving average of $109.38. Federal Realty Investment Trust has a 52-week low of $94.58 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. The company has a market capitalization of $8.29 billion, a PE ratio of 28.22, a P/E/G ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

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 dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.55%. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FRT. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. 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. Mizuho lowered their target price 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. Finally, Scotiabank reduced their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.62.

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.