Sandy Spring Bank Lowers Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Sandy Spring Bank cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,634 shares of the real estate investment trust’s stock after selling 406 shares during the quarter. Sandy Spring Bank’s holdings in Federal Realty Investment Trust were worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Federal Realty Investment Trust by 3.6% during 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 acquiring an additional 168,885 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter valued at $1,322,000. Vert Asset Management LLC increased its holdings in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after acquiring an additional 3,617 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 8.7% during the third 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. Finally, Blue Trust Inc. increased its holdings in shares of Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 175 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Down 2.3 %

Federal Realty Investment Trust stock opened at $95.03 on Friday. The business has a 50-day simple moving average of $104.47 and a two-hundred day simple moving average of $110.06. The company has a market cap of $8.14 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 52-week low of $94.58 and a 52-week high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

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 for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed 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 4.63%. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Scotiabank reduced their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Mizuho reduced 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, February 25th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. reduced 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. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.