Intact Investment Management Inc. Sells 630 Shares of Federal Realty Investment Trust (NYSE:FRT)

Intact Investment Management Inc. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 44,800 shares of the real estate investment trust’s stock after selling 630 shares during the period. Intact Investment Management Inc.’s holdings in Federal Realty Investment Trust were worth $5,015,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after acquiring an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth $1,322,000. Vert Asset Management LLC raised its stake in shares of Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after purchasing an additional 3,617 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Federal Realty Investment Trust by 14.5% during the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 175 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FRT has been the topic of a number of recent analyst reports. Mizuho lowered their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Raymond James lowered their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $119.77.

Federal Realty Investment Trust Stock Up 1.5 %

FRT stock opened at $96.13 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $8.24 billion, a PE ratio of 28.03, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a twelve month low of $94.58 and a twelve month high of $118.34. The stock has a 50-day simple moving average of $105.48 and a two-hundred day simple moving average of $110.82.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.58%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Federal Realty Investment Trust Company 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.