Cbre Clarion Securities LLC trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 3.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 73,118 shares of the real estate investment trust’s stock after selling 2,882 shares during the period. Cbre Clarion Securities LLC’s holdings in Federal Realty Investment Trust were worth $7,418,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FRT. Neo Ivy Capital Management acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $28,000. Vantage Consulting Group Inc acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $30,000. Signaturefd LLC lifted its position in shares of Federal Realty Investment Trust by 132.6% in the fourth quarter. Signaturefd LLC now owns 442 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 252 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $51,000. Finally, Acadian Asset Management LLC bought a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $52,000. 85.74% of the stock is owned by institutional investors.
Shares of FRT stock traded up $0.52 during mid-day trading on Friday, hitting $122.54. The company’s stock had a trading volume of 6,756 shares, compared to its average volume of 725,811. The stock’s fifty day simple moving average is $111.78. Federal Realty Investment Trust has a 52 week low of $67.01 and a 52 week high of $123.48. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.78. The company has a market cap of $9.53 billion, a P/E ratio of 80.28, a PEG ratio of 3.69 and a beta of 1.15.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Tuesday, June 22nd will be paid a $1.06 dividend. The ex-dividend date is Monday, June 21st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.46%. Federal Realty Investment Trust’s payout ratio is presently 93.81%.
A number of equities analysts have recently weighed in on FRT shares. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $113.00 to $115.00 in a research note on Thursday, May 20th. Capital One Financial lowered Federal Realty Investment Trust from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 12th. UBS Group started coverage on Federal Realty Investment Trust in a research note on Thursday, June 3rd. They set a “neutral” rating and a $120.00 target price on the stock. TheStreet lowered Federal Realty Investment Trust from a “b-” rating to a “c” rating in a research note on Wednesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Federal Realty Investment Trust from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $99.11.
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 densely populated, affluent communities where retail demand exceeds supply.
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