Point72 Hong Kong Ltd grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1,492.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,799 shares of the real estate investment trust’s stock after purchasing an additional 1,686 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Federal Realty Investment Trust were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. ProShare Advisors LLC grew its position in shares of Federal Realty Investment Trust by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 815,411 shares of the real estate investment trust’s stock valued at $104,968,000 after buying an additional 55,608 shares during the last quarter. State Street Corp lifted its holdings in shares of Federal Realty Investment Trust by 1.6% in the 3rd quarter. State Street Corp now owns 7,220,855 shares of the real estate investment trust’s stock valued at $990,662,000 after purchasing an additional 117,175 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. LS Investment Advisors LLC now owns 40,276 shares of the real estate investment trust’s stock valued at $5,185,000 after purchasing an additional 667 shares during the period. Penserra Capital Management LLC boosted its position in shares of Federal Realty Investment Trust by 5.6% in the 3rd quarter. Penserra Capital Management LLC now owns 9,996 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 527 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Federal Realty Investment Trust by 5.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

FRT has been the topic of several research analyst reports. Raymond James cut their price target on Federal Realty Investment Trust from $143.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $144.00 in a report on Wednesday, January 15th. Zacks Investment Research upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating and set a $135.00 target price for the company in a research note on Friday, February 21st. BMO Capital Markets lowered Federal Realty Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $135.00 to $133.00 in a report on Tuesday, January 7th. Finally, Citigroup raised their price target on Federal Realty Investment Trust from $144.00 to $146.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $136.09.

Federal Realty Investment Trust stock traded up $0.18 during midday trading on Thursday, reaching $78.69. The company’s stock had a trading volume of 1,083,504 shares, compared to its average volume of 657,315. The firm has a market capitalization of $5.75 billion, a PE ratio of 17.14, a P/E/G ratio of 3.17 and a beta of 0.52. Federal Realty Investment Trust has a fifty-two week low of $65.55 and a fifty-two week high of $141.35. The stock’s 50 day simple moving average is $112.61 and its 200 day simple moving average is $127.05. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.21 and a current ratio of 1.22.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.32. Federal Realty Investment Trust had a net margin of 37.81% and a return on equity of 14.77%. The company had revenue of $239.10 million during the quarter, compared to analysts’ expectations of $238.32 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that Federal Realty Investment Trust will post 6.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Friday, March 13th. Federal Realty Investment Trust’s payout ratio is currently 66.35%.

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 densely populated, affluent communities where retail demand exceeds supply.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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