Folger Nolan Fleming Douglas Capital Management Inc. Sells 173 Shares of Federal Realty Investment Trust (NYSE:FRT)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,982 shares of the real estate investment trust’s stock after selling 173 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Federal Realty Investment Trust were worth $823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Federal Realty Investment Trust by 3.7% during the 4th quarter. Russell Investments Group Ltd. now owns 127,408 shares of the real estate investment trust’s stock worth $13,129,000 after purchasing an additional 4,563 shares in the last quarter. Bailard Inc. grew its position in shares of Federal Realty Investment Trust by 20.8% during the 4th quarter. Bailard Inc. now owns 5,913 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 1,019 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $174,000. Signaturefd LLC grew its position in shares of Federal Realty Investment Trust by 25.2% during the 4th quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 169 shares in the last quarter. Finally, abrdn plc grew its position in shares of Federal Realty Investment Trust by 35.6% during the 4th quarter. abrdn plc now owns 48,015 shares of the real estate investment trust’s stock worth $4,948,000 after purchasing an additional 12,600 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Bank of America increased their price target on shares of 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. Mizuho reduced their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Scotiabank reduced their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $112.70.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock traded down $0.38 during mid-day trading on Friday, reaching $102.19. The company had a trading volume of 559,732 shares, compared to its average volume of 536,914. The business has a fifty day simple moving average of $100.30 and a 200 day simple moving average of $98.59. The company has a market cap of $8.48 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.95 and a beta of 1.21. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. Federal Realty Investment Trust’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. On average, equities research analysts predict that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s payout ratio is currently 155.71%.

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.