Wealthfront Advisers LLC Decreases Stake in Federal Realty Investment Trust (NYSE:FRT)

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Wealthfront Advisers LLC reduced its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 7.3% in the 1st quarter, HoldingsChannel reports. The fund owned 3,003 shares of the real estate investment trust’s stock after selling 236 shares during the period. Wealthfront Advisers LLC’s holdings in Federal Realty Investment Trust were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.4% in the 1st quarter. BlackRock Inc. now owns 8,205,947 shares of the real estate investment trust’s stock valued at $1,131,190,000 after buying an additional 115,564 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Federal Realty Investment Trust by 0.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,231,242 shares of the real estate investment trust’s stock valued at $721,126,000 after buying an additional 34,756 shares during the last quarter. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $530,291,000. Northern Trust Corp boosted its holdings in shares of Federal Realty Investment Trust by 2.3% in the 1st quarter. Northern Trust Corp now owns 1,265,865 shares of the real estate investment trust’s stock valued at $174,500,000 after buying an additional 27,877 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 1,222,569 shares of the real estate investment trust’s stock valued at $144,110,000 after buying an additional 103,768 shares during the last quarter. 89.60% of the stock is owned by institutional investors.

FRT has been the subject of several recent analyst reports. Mizuho downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective for the company. in a report on Thursday, March 7th. Citigroup increased their price objective on Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, February 25th. Raymond James raised Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Tuesday, May 28th. Deutsche Bank increased their price objective on Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Federal Realty Investment Trust has an average rating of “Buy” and an average target price of $140.00.

Shares of Federal Realty Investment Trust stock opened at $133.14 on Friday. Federal Realty Investment Trust has a 1 year low of $115.09 and a 1 year high of $139.29. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.35.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The business had revenue of $232.23 million during the quarter, compared to the consensus estimate of $235.09 million. During the same quarter last year, the firm posted $1.52 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 20th. Federal Realty Investment Trust’s dividend payout ratio is 65.49%.

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Federal Realty Investment Trust Company Profile

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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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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