FineMark National Bank & Trust Has $305,000 Position in Federal Realty Investment Trust (FRT)

FineMark National Bank & Trust maintained its position in Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,410 shares of the real estate investment trust’s stock at the end of the second quarter. FineMark National Bank & Trust’s holdings in Federal Realty Investment Trust were worth $305,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position 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 worth $1,054,525,000 after buying an additional 7,568,695 shares during the period. APG Asset Management US Inc. purchased a new position in Federal Realty Investment Trust during the second quarter worth approximately $104,847,000. Brookfield Asset Management Inc. purchased a new position in Federal Realty Investment Trust during the first quarter worth approximately $101,874,000. JPMorgan Chase & Co. raised its position in Federal Realty Investment Trust by 640.8% in the first quarter. JPMorgan Chase & Co. now owns 857,161 shares of the real estate investment trust’s stock worth $114,432,000 after buying an additional 741,450 shares during the period. Finally, State Street Corp raised its position 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 worth $791,369,000 after buying an additional 281,592 shares during the period. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Shares of Federal Realty Investment Trust (FRT) traded down 2.00% during trading on Friday, hitting $129.40. 365,560 shares of the stock were exchanged. The firm has a 50 day moving average price of $129.66 and a 200 day moving average price of $132.02. The firm has a market capitalization of $9.35 billion, a P/E ratio of 37.47 and a beta of 0.29. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $162.06.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same period last year, the company posted $1.42 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Federal Realty Investment Trust will post $3.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a yield of 3.09%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 113.62%.

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FRT has been the topic of a number of recent analyst reports. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $146.00 in a research report on Friday, July 21st. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Citigroup Inc. reiterated a “buy” rating and set a $156.00 target price (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $136.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Federal Realty Investment Trust has an average rating of “Buy” and a consensus target price of $152.38.

In related news, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dawn M. Becker sold 2,281 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the transaction, the executive vice president now owns 123,744 shares in the company, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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