Prudential Financial Inc. Has $6.37 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Prudential Financial Inc. cut its position in Federal Realty Investment Trust (NYSE:FRT) by 28.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,872 shares of the real estate investment trust’s stock after selling 22,371 shares during the quarter. Prudential Financial Inc.’s holdings in Federal Realty Investment Trust were worth $6,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $101,000. Jackson Grant Investment Advisers Inc. raised its holdings 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 buying an additional 137 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Federal Realty Investment Trust by 14.5% during 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.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $96.80 on Monday. The stock has a 50 day moving average of $103.78 and a 200 day moving average of $109.38. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 12 month low of $94.58 and a 12 month 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.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The firm 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%. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Wall Street Analysts Forecast Growth

FRT has been the subject of several research analyst reports. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. 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 for the company in a research report on Friday, March 7th. Scotiabank cut their target price 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 report on Friday, February 28th. Stifel Nicolaus lowered 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 report on Friday, February 14th. Finally, StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.62.

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.