GWN Securities Inc. Takes $248,000 Position in Federal Realty Investment Trust (NYSE:FRT)

GWN Securities Inc. bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,325 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Several other hedge funds have also modified their holdings of FRT. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust during the 3rd quarter worth about $36,000. Venturi Wealth Management LLC boosted its position in Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its position in Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 111 shares during the period. Hopwood Financial Services Inc. acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth about $101,000. Finally, Jackson Grant Investment Advisers Inc. boosted its position in 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 acquiring an additional 137 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FRT. JPMorgan Chase & Co. decreased their price objective on 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. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank cut their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company cut their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Raymond James cut their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.77.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $97.92 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $105.21 and its two-hundred day moving average is $110.62. The company has a market cap of $8.39 billion, a P/E ratio of 28.55, a P/E/G 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.

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

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

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.