RB Capital Management LLC Sells 723 Shares of Federal Realty Investment Trust (NYSE:FRT)

RB Capital Management LLC lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 26.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,058 shares of the real estate investment trust’s stock after selling 723 shares during the period. RB Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 20.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 97 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Federal Realty Investment Trust by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock valued at $2,078,000 after purchasing an additional 100 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Federal Realty Investment Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock valued at $3,310,000 after purchasing an additional 130 shares during the last quarter. Mariner LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.2% during the 3rd quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock valued at $568,000 after purchasing an additional 134 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Federal Realty Investment Trust by 57.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

FRT has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $109.00 to $110.00 in a report on Monday, April 22nd. Bank of America increased their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.70.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $104.28 on Thursday. The firm has a market cap of $8.65 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. The firm’s 50 day simple moving average is $100.55 and its 200-day simple moving average is $98.96. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $107.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. As a group, equities analysts predict that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Federal Realty Investment Trust Company Profile

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.