Davis Selected Advisers Sells 450 Shares of Federal Realty Investment Trust (NYSE:FRT)

Davis Selected Advisers decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,070 shares of the real estate investment trust’s stock after selling 450 shares during the period. Davis Selected Advisers’ holdings in Federal Realty Investment Trust were worth $6,725,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $36,000. Venturi Wealth Management LLC increased its position in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 333 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of 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 worth $149,000 after purchasing an additional 137 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 175 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FRT shares. JPMorgan Chase & Co. lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday. Wells Fargo & Company lowered 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. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Scotiabank decreased their target price on 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. Finally, Raymond James dropped their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $101.21 on Friday. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34. 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 firm has a market capitalization of $8.67 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The firm’s 50 day simple moving average is $106.76 and its 200 day simple moving average is $111.36.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share 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 of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.35%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 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.