Everence Capital Management Inc. Reduces Holdings in Federal Realty Investment Trust (NYSE:FRT)

Everence Capital Management Inc. lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 46.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,380 shares of the real estate investment trust’s stock after selling 2,070 shares during the period. Everence Capital Management Inc.’s holdings in Federal Realty Investment Trust were worth $266,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FRT. NBC Securities Inc. boosted its position in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the period. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $36,000. Eastern Bank purchased a new position in Federal Realty Investment Trust in the 3rd quarter valued at approximately $52,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Federal Realty Investment Trust by 2,475.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 594 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $96,000. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FRT shares. Scotiabank lifted their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. StockNews.com lowered Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, Evercore ISI upped their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $123.62.

Federal Realty Investment Trust Trading Down 1.5 %

Shares of FRT stock opened at $104.96 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a market cap of $8.71 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The business has a 50-day moving average price of $112.92 and a two-hundred day moving average price of $111.73. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

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.