Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,288 shares of the real estate investment trust’s stock after selling 1,388 shares during the quarter. Federal Realty Investment Trust makes up about 0.8% of Lincluden Management Ltd.’s holdings, making the stock its 29th biggest position. Lincluden Management Ltd.’s holdings in Federal Realty Investment Trust were worth $6,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FRT. Creative Planning raised its holdings in shares of Federal Realty Investment Trust by 18.8% in the third quarter. Creative Planning now owns 7,784 shares of the real estate investment trust’s stock valued at $895,000 after buying an additional 1,230 shares during the last quarter. Blue Trust Inc. raised its stake in Federal Realty Investment Trust by 249.3% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 860 shares during the last quarter. Private Advisor Group LLC lifted its position in Federal Realty Investment Trust by 26.3% during the 3rd quarter. Private Advisor Group LLC now owns 3,390 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 706 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Federal Realty Investment Trust by 29.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,114 shares of the real estate investment trust’s stock valued at $1,614,000 after purchasing an additional 3,178 shares during the last quarter. Finally, Trajan Wealth LLC acquired a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. 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. Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Scotiabank raised their price objective on shares of 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. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.23.

Federal Realty Investment Trust Stock Performance

FRT opened at $105.59 on Tuesday. The stock’s 50 day simple moving average is $108.02 and its 200 day simple moving average is $111.82. The stock has a market cap of $9.05 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 1-year low of $95.97 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.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Federal Realty Investment Trust Company Profile

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.