Mn Services Vermogensbeheer B.V. raised its position in Federal Realty Investment Trust (NYSE:FRT) by 511.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,697 shares of the real estate investment trust’s stock after buying an additional 9,783 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Federal Realty Investment Trust were worth $1,478,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in FRT. Vanguard Group Inc. raised its stake in Federal Realty Investment Trust by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,276,462 shares of the real estate investment trust’s stock valued at $1,638,908,000 after buying an additional 54,329 shares during the period. BlackRock Inc. raised its stake in Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock valued at $1,054,525,000 after buying an additional 7,568,695 shares during the period. State Street Corp raised its stake in Federal Realty Investment Trust by 5.0% in the first quarter. State Street Corp now owns 5,927,826 shares of the real estate investment trust’s stock valued at $791,369,000 after buying an additional 281,592 shares during the period. Daiwa Securities Group Inc. raised its stake in Federal Realty Investment Trust by 19.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,524,093 shares of the real estate investment trust’s stock valued at $203,466,000 after buying an additional 243,857 shares during the period. Finally, Lasalle Investment Management Securities LLC raised its stake in Federal Realty Investment Trust by 3.2% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,383,780 shares of the real estate investment trust’s stock valued at $184,735,000 after buying an additional 42,347 shares during the period. 92.58% of the stock is currently owned by institutional investors and hedge funds.
Federal Realty Investment Trust (NYSE:FRT) opened at 131.26 on Tuesday. The firm has a market capitalization of $9.48 billion, a P/E ratio of 41.22 and a beta of 0.28. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $171.08. The firm has a 50 day moving average of $126.49 and a 200 day moving average of $132.67.
Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.02. The company had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $205.96 million. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 EPS. On average, analysts forecast that Federal Realty Investment Trust will post $3.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Thursday, June 22nd were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, June 20th. Federal Realty Investment Trust’s payout ratio is 123.27%.
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FRT has been the topic of several analyst reports. BidaskClub raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $140.00 to $146.00 in a research report on Friday. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $158.11.
Federal Realty Investment Trust Company 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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