Nan Fung Trinity HK Ltd. Cuts Position in Federal Realty Investment Trust (NYSE:FRT)

Nan Fung Trinity HK Ltd. lessened its position in Federal Realty Investment Trust (NYSE:FRT) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,700 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Federal Realty Investment Trust accounts for approximately 1.1% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 25th largest holding. Nan Fung Trinity HK Ltd.’s holdings in Federal Realty Investment Trust were worth $5,452,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after acquiring an additional 572,008 shares during the period. FMR LLC raised its holdings in Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock worth $65,856,000 after purchasing an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Federal Realty Investment Trust by 456.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after purchasing an additional 496,129 shares during the period. Wellington Management Group LLP bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $26,548,000. Finally, JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 3.6% during 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 buying an additional 168,885 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

FRT has been the subject of several research analyst reports. Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Stifel Nicolaus dropped their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday. 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. Finally, Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.23.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $104.29 on Friday. The company has a market cap of $8.94 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. 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 has a 1 year low of $95.97 and a 1 year high of $118.34. The stock’s fifty day moving average price is $108.20 and its 200-day moving average price is $111.87.

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

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued 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 yield of 4.22%. Federal Realty Investment Trust’s dividend payout ratio 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.