Loudon Investment Management LLC Has $1.24 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Loudon Investment Management LLC reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,070 shares of the real estate investment trust’s stock after selling 685 shares during the quarter. Loudon Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,239,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust during the third quarter worth $36,000. Venturi Wealth Management LLC grew its holdings in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares during the last quarter. Hopwood Financial Services Inc. bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $101,000. Finally, Jackson Grant Investment Advisers Inc. grew its holdings in shares of Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 137 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $97.28 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The stock has a market cap of $8.34 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The stock’s 50-day moving average price is $104.60 and its two-hundred day moving average price is $110.20.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 128.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Mizuho decreased their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Finally, Scotiabank decreased 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 report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.77.

Federal Realty Investment Trust Company 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.