Handelsbanken Fonder AB Trims Stake in Federal Realty Investment Trust (NYSE:FRT)

Handelsbanken Fonder AB reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 24.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,400 shares of the real estate investment trust’s stock after selling 5,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Federal Realty Investment Trust were worth $2,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the period. Principal Financial Group Inc. boosted its position in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth $1,322,000. Vert Asset Management LLC increased its position in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after acquiring an additional 3,617 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FRT shares. Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Mizuho lowered their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their target price for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $122.54.

Federal Realty Investment Trust Trading Down 0.1 %

NYSE:FRT opened at $105.53 on Wednesday. Federal Realty Investment Trust has a 52 week low of $95.97 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 cap of $9.04 billion, a PE ratio of 30.77, a P/E/G ratio of 2.20 and a beta of 1.24. The business’s 50 day moving average is $107.85 and its two-hundred day moving average is $111.77.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The firm 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%. On average, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.17%. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

About Federal Realty Investment Trust

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.