Livforsakringsbolaget Skandia Omsesidigt held its position in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,328 shares of the real estate investment trust’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Federal Realty Investment Trust were worth $168,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Federal Realty Investment Trust by 1.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 55,701 shares of the real estate investment trust’s stock valued at $7,436,000 after buying an additional 871 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at $126,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Federal Realty Investment Trust by 15.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 11,380 shares of the real estate investment trust’s stock valued at $1,519,000 after buying an additional 1,500 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Federal Realty Investment Trust by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 114,378 shares of the real estate investment trust’s stock valued at $15,269,000 after buying an additional 458 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Federal Realty Investment Trust by 968.1% in the first quarter. Bank of Nova Scotia now owns 16,448 shares of the real estate investment trust’s stock valued at $2,195,000 after buying an additional 14,908 shares during the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.
Shares of Federal Realty Investment Trust (FRT) traded down 1.64% during mid-day trading on Friday, reaching $132.81. The company’s stock had a trading volume of 460,109 shares. The firm’s 50 day moving average price is $127.66 and its 200-day moving average price is $132.53. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 41.71 and a beta of 0.28. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $170.62.
Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share 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 the consensus estimate of $205.96 million. Federal Realty Investment Trust had a net margin of 28.27% and a return on equity of 10.89%. Federal Realty Investment Trust’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. On average, analysts predict that Federal Realty Investment Trust will post $3.19 EPS for the current 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 $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Tuesday, June 20th. Federal Realty Investment Trust’s dividend payout ratio is presently 123.27%.
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Several analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.33.
About Federal Realty Investment Trust
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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