Huntington National Bank lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 36.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 260 shares of the real estate investment trust’s stock after selling 150 shares during the period. Huntington National Bank’s holdings in Federal Realty Investment Trust were worth $36,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FRT. We Are One Seven LLC acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $46,000. Clarus Wealth Advisors grew its stake in Federal Realty Investment Trust by 19.4% during the fourth quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 106 shares during the period. Enlightenment Research LLC bought a new position in Federal Realty Investment Trust in the fourth quarter worth approximately $94,000. Pearl River Capital LLC bought a new position in Federal Realty Investment Trust in the fourth quarter worth approximately $100,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Federal Realty Investment Trust by 14.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 868 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 112 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:FRT opened at $131.01 on Thursday. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 4.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.33 and a current ratio of 1.33. Federal Realty Investment Trust has a 52-week low of $110.66 and a 52-week high of $139.29.
Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.86). Federal Realty Investment Trust had a net margin of 26.42% and a return on equity of 10.73%. The company had revenue of $235.38 million during the quarter, compared to the consensus estimate of $235.70 million. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 14th were issued a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.11%. Federal Realty Investment Trust’s dividend payout ratio is presently 65.49%.
Several research analysts have issued reports on FRT shares. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a report on Thursday, February 14th. Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Thursday, March 7th. Finally, Citigroup increased their price target on Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.82.
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Federal Realty Investment Trust 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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