Mn Services Vermogensbeheer B.V. increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 511.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $2,188,000. Quadrature Capital Ltd bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $359,000. UBS Asset Management Americas Inc. raised its position in shares of Federal Realty Investment Trust by 4.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 346,209 shares of the real estate investment trust’s stock worth $49,200,000 after buying an additional 15,414 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $740,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $330,000. 94.63% of the stock is owned by institutional investors and hedge funds.
Federal Realty Investment Trust (FRT) traded down 1.24% during mid-day trading on Friday, hitting $126.96. 1,342,179 shares of the stock traded hands. The firm’s 50-day moving average price is $129.93 and its 200-day moving average price is $131.62. The firm has a market cap of $9.17 billion, a P/E ratio of 36.77 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 issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $208 million during the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 EPS. On average, equities analysts forecast that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 3.15%. Federal Realty Investment Trust’s payout ratio is presently 113.62%.
FRT has been the subject of a number of research analyst reports. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Citigroup Inc. reissued a “buy” rating and issued 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. 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 increased their price target for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $136.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $144.88.
In other news, insider Donald C. Wood sold 2,772 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total value of $368,842.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dawn M. Becker sold 2,281 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 of the company’s stock, valued at $16,464,139.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by 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.
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