Natixis Sells 3,134 Shares of Federal Realty Investment Trust (NYSE:FRT)

Natixis cut its position in Federal Realty Investment Trust (NYSE:FRT) by 19.5% in the first quarter, HoldingsChannel.com reports. The firm owned 12,978 shares of the real estate investment trust’s stock after selling 3,134 shares during the period. Natixis’ holdings in Federal Realty Investment Trust were worth $1,325,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FRT. SG Americas Securities LLC grew its stake in shares of Federal Realty Investment Trust by 133.3% during the first quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust’s stock worth $4,599,000 after acquiring an additional 25,730 shares during the last quarter. Heitman Real Estate Securities LLC grew its stake in shares of Federal Realty Investment Trust by 1,553.3% during the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after acquiring an additional 195,137 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Federal Realty Investment Trust by 53.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after buying an additional 469,425 shares during the last quarter. Mizuho Markets Americas LLC boosted its position in Federal Realty Investment Trust by 66.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 51,610 shares of the real estate investment trust’s stock valued at $5,318,000 after buying an additional 20,519 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $602,000. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FRT has been the topic of a number of recent research reports. Mizuho upped their target price on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Scotiabank upped their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Evercore ISI lowered their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Bank of America upped their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company upped their price objective on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.00.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $0.19 during mid-day trading on Thursday, hitting $107.06. The stock had a trading volume of 613,771 shares, compared to its average volume of 594,110. The firm’s 50 day moving average is $102.09 and its 200 day moving average is $101.48. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $111.02. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.19 and a beta of 1.23.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 21st were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

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.