RWC Asset Management LLP Increases Stock Position in Federal Realty Investment Trust (NYSE:FRT)

RWC Asset Management LLP lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,493 shares of the real estate investment trust’s stock after acquiring an additional 8,946 shares during the quarter. Federal Realty Investment Trust accounts for about 1.2% of RWC Asset Management LLP’s investment portfolio, making the stock its 29th biggest position. RWC Asset Management LLP’s holdings in Federal Realty Investment Trust were worth $24,460,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Park Avenue Securities LLC raised its position in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 125 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Federal Realty Investment Trust by 11.5% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 137 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Federal Realty Investment Trust by 11.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,436 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 142 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Federal Realty Investment Trust by 3.6% in the 4th quarter. Stephens Inc. AR now owns 4,196 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 144 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Federal Realty Investment Trust by 1.5% during the third quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock worth $1,123,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $104.29 on Monday. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.94 billion, a PE ratio of 30.40, a P/E/G ratio of 2.20 and a beta of 1.24. The stock has a 50 day simple moving average of $108.20 and a 200-day simple moving average of $111.87.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. On average, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.22%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FRT shares. Wells Fargo & Company cut their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus reduced their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank lifted their price target 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. Finally, Raymond James dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.23.

Federal Realty Investment Trust Profile

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.