Northwest & Ethical Investments L.P. Sells 174 Shares of Federal Realty Investment Trust (NYSE:FRT)

Northwest & Ethical Investments L.P. decreased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,627 shares of the real estate investment trust’s stock after selling 174 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Federal Realty Investment Trust were worth $406,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FRT. PNC Financial Services Group Inc. boosted its stake in Federal Realty Investment Trust by 5.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 31,426 shares of the real estate investment trust’s stock valued at $3,613,000 after purchasing an additional 1,664 shares during the period. Avior Wealth Management LLC lifted its position in shares of Federal Realty Investment Trust by 41.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,844 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 539 shares during the period. Commerce Bank bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $219,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Federal Realty Investment Trust by 14.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,935 shares of the real estate investment trust’s stock worth $9,372,000 after acquiring an additional 10,456 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Federal Realty Investment Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock worth $143,473,000 after acquiring an additional 42,209 shares during the period. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FRT. Raymond James reduced their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Scotiabank reduced their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Mizuho dropped their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $119.77.

Federal Realty Investment Trust Trading Down 2.3 %

FRT stock opened at $95.03 on Friday. The business has a fifty day moving average price of $104.47 and a 200 day moving average price of $110.06. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.63%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 128.28%.

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.