Federal Realty Investment Trust (NYSE:FRT) Holdings Raised by AGF Management Ltd.

AGF Management Ltd. lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 47.6% during the fourth quarter, HoldingsChannel reports. The fund owned 4,650 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the quarter. AGF Management Ltd.’s holdings in Federal Realty Investment Trust were worth $521,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FRT. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust in the third quarter valued at about $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 111 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its holdings in Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 137 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 175 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Mizuho decreased their price objective on shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Scotiabank reduced their price target 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. Finally, StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.77.

Federal Realty Investment Trust Stock Up 1.5 %

FRT opened at $96.13 on Friday. The business has a 50 day moving average of $105.21 and a 200-day moving average of $110.65. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 1-year low of $94.58 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly 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. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.58%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

About Federal Realty Investment Trust

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.