Metis Global Partners LLC Acquires 921 Shares of Federal Realty Investment Trust (NYSE:FRT)

Metis Global Partners LLC lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,115 shares of the real estate investment trust’s stock after purchasing an additional 921 shares during the quarter. Metis Global Partners LLC’s holdings in Federal Realty Investment Trust were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Federal Realty Investment Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock worth $224,565,000 after purchasing an additional 7,160 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Federal Realty Investment Trust by 3.5% in the third 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 purchasing an additional 42,209 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 purchasing an additional 572,008 shares in the last quarter. Finally, 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 third 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 in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $105.39 on Tuesday. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The company has a market cap of $9.03 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.20 and a beta of 1.24. The firm’s fifty day moving average price is $107.51 and its two-hundred day moving average price is $111.62. 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 data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Equities analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.17%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FRT. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Raymond James lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.85.

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.