Franklin Resources Inc. Reduces Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Franklin Resources Inc. lessened its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 18.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,500 shares of the real estate investment trust’s stock after selling 2,834 shares during the period. Franklin Resources Inc.’s holdings in Federal Realty Investment Trust were worth $1,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FRT. Tidal Investments LLC boosted its stake in shares of Federal Realty Investment Trust by 6.2% during the 3rd quarter. Tidal Investments LLC now owns 2,607 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 153 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Federal Realty Investment Trust during the third quarter valued at approximately $221,000. Sanctuary Advisors LLC boosted its position in Federal Realty Investment Trust by 45.3% during the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock worth $373,000 after acquiring an additional 1,012 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in Federal Realty Investment Trust during the third quarter worth approximately $202,000. Finally, Geode Capital Management LLC grew its stake in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock worth $224,565,000 after acquiring an additional 7,160 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $111.43 on Friday. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a market cap of $9.24 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The business has a fifty day simple moving average of $113.57 and a 200-day simple moving average of $111.09.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Analyst Ratings Changes

Several research firms have recently issued reports on FRT. Compass Point raised their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. StockNews.com lowered Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $120.00 to $135.00 in a report on Friday, September 13th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Finally, Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.62.

About Federal Realty Investment Trust

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.