Cibc World Markets Corp Buys 5,158 Shares of Federal Realty Investment Trust (NYSE:FRT)

Cibc World Markets Corp raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,837 shares of the real estate investment trust’s stock after purchasing an additional 5,158 shares during the period. Cibc World Markets Corp’s holdings in Federal Realty Investment Trust were worth $3,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust in the third quarter valued at $36,000. Venturi Wealth Management LLC increased its position in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 111 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $101,000. Finally, Jackson Grant Investment Advisers Inc. increased its position in shares of Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 137 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $97.28 on Friday. The company’s fifty day moving average price is $104.60 and its 200-day moving average price is $110.20. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a one year low of $94.58 and a one 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 released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FRT. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company cut 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 report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus cut their price target on shares of 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. Finally, Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.77.

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.