Federal Realty Investment Trust (NYSE:FRT) Stock Position Reduced by Sigma Planning Corp

Sigma Planning Corp cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 62.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,064 shares of the real estate investment trust’s stock after selling 6,763 shares during the period. Sigma Planning Corp’s holdings in Federal Realty Investment Trust were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock valued at $427,538,000 after acquiring an additional 509,909 shares during the last quarter. Invesco Ltd. lifted its stake in Federal Realty Investment Trust by 0.9% in the third quarter. Invesco Ltd. now owns 1,912,936 shares of the real estate investment trust’s stock valued at $173,369,000 after acquiring an additional 16,714 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Federal Realty Investment Trust by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,114,841 shares of the real estate investment trust’s stock valued at $101,038,000 after acquiring an additional 19,749 shares during the last quarter. Northern Trust Corp lifted its stake in Federal Realty Investment Trust by 1.9% in the third quarter. Northern Trust Corp now owns 1,024,458 shares of the real estate investment trust’s stock valued at $92,847,000 after acquiring an additional 19,516 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $80,342,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Bank of America lifted their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.70.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $102.19 on Friday. The stock has a market cap of $8.48 billion, a P/E ratio of 36.50, a PEG ratio of 1.97 and a beta of 1.21. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $107.61. The company has a fifty day moving average price of $100.27 and a 200 day moving average price of $98.49. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. Federal Realty Investment Trust’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. Analysts anticipate that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 4.27%. The ex-dividend date was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

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 communities where retail demand exceeds supply.