Norges Bank Purchases Shares of 7,240,234 Federal Realty Investment Trust (NYSE:FRT)

Norges Bank acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, Holdings Channel reports. The fund acquired 7,240,234 shares of the real estate investment trust’s stock, valued at approximately $810,544,000. Norges Bank owned 0.09% of Federal Realty Investment Trust as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $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 worth $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 111 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in Federal Realty Investment Trust in the fourth quarter valued at $101,000. Finally, Jackson Grant Investment Advisers Inc. increased its stake 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 valued at $149,000 after acquiring an additional 137 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Scotiabank cut 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 report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus decreased their price target on shares of 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. Mizuho cut 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 research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.85.

Federal Realty Investment Trust Stock Down 0.7 %

NYSE FRT opened at $96.86 on Friday. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The business’s 50-day moving average is $103.95 and its 200 day moving average is $109.57. The stock has a market capitalization of $8.30 billion, a PE ratio of 28.24, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Sell-side 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.54%. Federal Realty Investment Trust’s dividend payout ratio 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.