Wellington Management Group LLP Cuts Position in Federal Realty Investment Trust (NYSE:FRT)

Wellington Management Group LLP lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 99.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,804 shares of the real estate investment trust’s stock after selling 229,106 shares during the quarter. Wellington Management Group LLP’s holdings in Federal Realty Investment Trust were worth $202,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares during the last quarter. LPL Financial LLC raised its stake in Federal Realty Investment Trust by 17.5% in the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock valued at $9,324,000 after buying an additional 12,387 shares in the last quarter. Vert Asset Management LLC lifted its holdings in Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after buying an additional 3,617 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after acquiring an additional 7,501 shares in the last quarter. Finally, Blue Trust Inc. boosted 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 acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $92.34 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day simple moving average of $99.10 and a 200-day simple moving average of $107.07. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The stock has a market capitalization of $7.92 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FRT. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their target price 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. Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Finally, Scotiabank cut their target price on 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

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.