Los Angeles Capital Management LLC Has $3.15 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Los Angeles Capital Management LLC trimmed its stake in Federal Realty Investment Trust (NYSE:FRT) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,170 shares of the real estate investment trust’s stock after selling 967 shares during the period. Los Angeles Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $3,154,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Federal Realty Investment Trust by 3.6% in the 3rd 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 during the last quarter. Principal Financial Group Inc. boosted its position in Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Federal Realty Investment Trust during the third quarter worth about $1,322,000. Vert Asset Management LLC increased its holdings in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after buying an additional 3,617 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Mizuho decreased their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday. Stifel Nicolaus decreased their target price on 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. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Raymond James decreased their price objective 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. Finally, Wells Fargo & Company lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.54.

Federal Realty Investment Trust Trading Down 0.9 %

FRT opened at $104.09 on Friday. The firm has a 50 day simple moving average of $107.75 and a 200 day simple moving average of $111.72. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. 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 earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.23%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

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.