Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Davis Selected Advisers

Davis Selected Advisers decreased its position in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 26.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,370 shares of the real estate investment trust’s stock after selling 18,670 shares during the period. Davis Selected Advisers owned about 0.06% of Federal Realty Investment Trust worth $5,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Federal Realty Investment Trust by 3.0% in the third quarter. Vanguard Group Inc. now owns 12,604,385 shares of the real estate investment trust’s stock valued at $1,135,908,000 after acquiring an additional 368,995 shares in the last quarter. State Street Corp lifted its position in shares of Federal Realty Investment Trust by 13.4% in the third quarter. State Street Corp now owns 9,600,162 shares of the real estate investment trust’s stock valued at $875,143,000 after acquiring an additional 1,136,033 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Federal Realty Investment Trust by 13.3% in the fourth quarter. ProShare Advisors LLC now owns 1,771,322 shares of the real estate investment trust’s stock valued at $178,974,000 after acquiring an additional 207,482 shares in the last quarter. Invesco Ltd. lifted its position in shares of Federal Realty Investment Trust by 62.6% in the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock valued at $162,432,000 after acquiring an additional 512,382 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Federal Realty Investment Trust by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,154,479 shares of the real estate investment trust’s stock valued at $104,038,000 after acquiring an additional 27,362 shares in the last quarter. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded up $0.81 during mid-day trading on Friday, hitting $86.73. 154,318 shares of the company’s stock traded hands, compared to its average volume of 530,376. The firm has a 50 day moving average price of $94.45 and a 200 day moving average price of $102.32. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.57. The company has a market cap of $7.07 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $116.05.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.98%. The ex-dividend date is Wednesday, June 21st. Federal Realty Investment Trust’s payout ratio is currently 92.11%.

Analyst Ratings Changes

A number of research firms have recently commented on FRT. Mizuho cut their price objective on Federal Realty Investment Trust from $112.00 to $91.00 in a report on Thursday. Barclays cut their price objective on Federal Realty Investment Trust from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, February 15th. UBS Group increased their target price on Federal Realty Investment Trust from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 9th. Compass Point upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday, January 30th. Finally, Truist Financial lowered their price objective on Federal Realty Investment Trust from $117.00 to $110.00 in a research note on Monday, May 15th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Hold” and an average price target of $112.36.

About Federal Realty Investment Trust

(Get Rating)

Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.