Lokken Investment Group LLC Grows Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Lokken Investment Group LLC grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 10,210 shares of the real estate investment trust’s stock after buying an additional 507 shares during the period. Lokken Investment Group LLC’s holdings in Federal Realty Investment Trust were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in 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 in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Federal Realty Investment Trust by 592.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 592 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $101,000. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in shares of Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 137 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FRT shares. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Stifel Nicolaus dropped their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $97.81 on Tuesday. The company has a market cap of $8.38 billion, a PE ratio of 28.51, a P/E/G ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The firm has a 50-day simple moving average of $103.63 and a 200 day simple moving average of $109.20. 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 earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $311.44 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.50%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

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.