Principal Securities Inc. Purchases New Stake in Federal Realty Investment Trust (NYSE:FRT)

Principal Securities Inc. purchased a new stake in Federal Realty Investment Trust (NYSE:FRTFree Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,251 shares of the real estate investment trust’s stock, valued at approximately $438,000.

Other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at $28,000. Parkside Financial Bank & Trust grew its holdings in Federal Realty Investment Trust by 57.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 154 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 97 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at $72,000. Finally, Signaturefd LLC grew its holdings in Federal Realty Investment Trust by 25.2% in the 4th quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 169 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

FRT opened at $102.47 on Wednesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $107.61. The firm has a market cap of $8.50 billion, a P/E ratio of 36.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The business’s fifty day moving average is $101.12 and its 200-day moving average is $99.98.

Federal Realty Investment Trust (NYSE:FRTGet Free Report) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same quarter in the prior year, the company earned $1.58 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 annualized dividend and a dividend yield of 4.25%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Analyst Ratings Changes

A number of research analysts have commented on FRT shares. Mizuho decreased their price objective on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Bank of America upped their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Evercore ISI decreased their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.30.

Read Our Latest Analysis on FRT

Federal Realty Investment Trust Company Profile

(Free Report)

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

Further Reading

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRTFree Report).

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.