Cadence Capital Management LLC lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 30.3% in the fourth quarter, HoldingsChannel reports. The firm owned 4,287 shares of the real estate investment trust’s stock after selling 1,868 shares during the period. Cadence Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $569,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Advisor Group Inc. increased its stake in Federal Realty Investment Trust by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 297 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Federal Realty Investment Trust by 1.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 47,422 shares of the real estate investment trust’s stock valued at $5,889,000 after purchasing an additional 449 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Federal Realty Investment Trust by 0.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 69,467 shares of the real estate investment trust’s stock valued at $9,226,000 after purchasing an additional 458 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Federal Realty Investment Trust by 9.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,876 shares of the real estate investment trust’s stock valued at $730,000 after purchasing an additional 509 shares in the last quarter. Finally, Sarasin & Partners LLP increased its stake in Federal Realty Investment Trust by 3.7% during the 3rd quarter. Sarasin & Partners LLP now owns 14,752 shares of the real estate investment trust’s stock valued at $1,832,000 after purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.

Federal Realty Investment Trust (FRT) opened at $110.26 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $7,973.63, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.97 and a beta of 0.23. Federal Realty Investment Trust has a fifty-two week low of $106.64 and a fifty-two week high of $143.79.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.57. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. During the same quarter in the prior year, the business posted $0.80 EPS. sell-side analysts anticipate that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.63%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 97.56%.

FRT has been the subject of a number of recent research reports. UBS Group upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $131.00 to $141.00 in a research note on Thursday, November 9th. Boenning Scattergood restated a “buy” rating and set a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Stifel Nicolaus started coverage on shares of Federal Realty Investment Trust in a research note on Thursday, November 30th. They set a “buy” rating and a $144.00 price target for the company. Mizuho reaffirmed a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Finally, Wells Fargo & Co cut their price objective on shares of Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Federal Realty Investment Trust presently has an average rating of “Buy” and a consensus price target of $140.83.

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Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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