Blackhawk Capital Partners LLC. Trims Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Blackhawk Capital Partners LLC. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 18.4% during the first quarter, HoldingsChannel.com reports. The fund owned 17,249 shares of the real estate investment trust’s stock after selling 3,900 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Federal Realty Investment Trust were worth $1,761,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Federal Realty Investment Trust by 6.5% during the first quarter. Janney Montgomery Scott LLC now owns 122,375 shares of the real estate investment trust’s stock worth $12,497,000 after acquiring an additional 7,424 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Federal Realty Investment Trust by 9.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,043 shares of the real estate investment trust’s stock worth $2,387,000 after acquiring an additional 2,022 shares during the period. Van ECK Associates Corp increased its position in shares of Federal Realty Investment Trust by 3.8% during the first quarter. Van ECK Associates Corp now owns 32,111 shares of the real estate investment trust’s stock worth $3,279,000 after acquiring an additional 1,184 shares during the period. Vest Financial LLC increased its position in shares of Federal Realty Investment Trust by 18.0% during the first quarter. Vest Financial LLC now owns 360,992 shares of the real estate investment trust’s stock worth $36,865,000 after acquiring an additional 55,068 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Federal Realty Investment Trust by 16.2% during the first quarter. Commonwealth Equity Services LLC now owns 6,219 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 865 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Up 0.1 %

NYSE FRT traded up $0.15 on Friday, hitting $100.80. The stock had a trading volume of 227,142 shares, compared to its average volume of 435,883. The business’s fifty day moving average price is $101.12 and its 200 day moving average price is $101.22. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $107.61. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be paid a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 annualized dividend and a dividend yield of 4.33%. Federal Realty Investment Trust’s payout ratio is currently 155.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FRT shares. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Evercore ISI cut their price objective on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Truist Financial cut their price objective on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Bank of America lifted their price objective 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 lifted their price objective on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

About Federal Realty Investment Trust

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.