Sei Investments Co. Buys 18,790 Shares of Federal Realty Investment Trust (NYSE:FRT)

Sei Investments Co. grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.7% in the fourth quarter, Holdings Channel reports. The fund owned 419,208 shares of the real estate investment trust’s stock after acquiring an additional 18,790 shares during the quarter. Sei Investments Co.’s holdings in Federal Realty Investment Trust were worth $46,930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. increased its position in Federal Realty Investment Trust by 3.4% in the fourth quarter. American Century Companies Inc. now owns 28,449 shares of the real estate investment trust’s stock worth $3,185,000 after buying an additional 929 shares during the last quarter. HUB Investment Partners LLC grew its stake in shares of Federal Realty Investment Trust by 13.0% during the 4th quarter. HUB Investment Partners LLC now owns 2,036 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 234 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Federal Realty Investment Trust by 42.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,720 shares of the real estate investment trust’s stock worth $4,894,000 after acquiring an additional 12,927 shares during the period. Teacher Retirement System of Texas increased its holdings in Federal Realty Investment Trust by 6.9% in the 4th quarter. Teacher Retirement System of Texas now owns 18,898 shares of the real estate investment trust’s stock worth $2,116,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in Federal Realty Investment Trust by 166.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,705 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 1,065 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FRT. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. 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. Stifel Nicolaus cut 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. Finally, Scotiabank decreased their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.77.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $98.21 on Tuesday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average of $104.37 and a 200 day moving average of $109.87. Federal Realty Investment Trust has a 52-week low of $94.58 and a 52-week high of $118.34.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Federal Realty Investment Trust 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.