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

Cibc World Markets Corp raised its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,837 shares of the real estate investment trust’s stock after buying an additional 5,158 shares during the period. Cibc World Markets Corp’s holdings in Federal Realty Investment Trust were worth $3,452,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FRT. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust during the 3rd quarter valued at $36,000. Venturi Wealth Management LLC increased its stake in shares of Federal Realty Investment Trust by 244.9% in the 4th 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 stake in shares of Federal Realty Investment Trust by 25.0% in the 4th 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 position in shares of Federal Realty Investment Trust in the 4th quarter worth about $101,000. Finally, Jackson Grant Investment Advisers Inc. increased its stake in Federal Realty Investment Trust by 11.5% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

FRT opened at $97.28 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.20 and a beta of 1.27. The company’s 50 day moving average is $104.60 and its 200 day moving average is $110.20. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to the consensus estimate 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, equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 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%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Scotiabank reduced their price objective 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 note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average price target of $119.77.

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.