Los Angeles Capital Management LLC Sells 967 Shares of Federal Realty Investment Trust (NYSE:FRT)

Los Angeles Capital Management LLC lessened its position in Federal Realty Investment Trust (NYSE:FRT) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,170 shares of the real estate investment trust’s stock after selling 967 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $3,154,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FRT. JPMorgan Chase & Co. raised its holdings in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Geode Capital Management LLC increased its stake in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after buying an additional 7,160 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Federal Realty Investment Trust by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock worth $143,473,000 after buying an additional 42,209 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Federal Realty Investment Trust by 1,463.8% during the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after buying an additional 572,008 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Federal Realty Investment Trust by 456.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after buying an additional 496,129 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FRT shares. Raymond James dropped their target price on 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. Scotiabank upped their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Mizuho cut their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price target for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $122.54.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $104.09 on Friday. The firm’s fifty day moving average price is $107.75 and its two-hundred day moving average price is $111.72. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $8.92 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million for 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%. Equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.23%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 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.