Perpetual Ltd Buys New Position in Federal Realty Investment Trust (FRT)

Perpetual Ltd bought a new position in shares of Federal Realty Investment Trust (NYSE:FRT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,700 shares of the real estate investment trust’s stock, valued at approximately $1,858,000.

A number of other hedge funds have also bought and sold shares of the stock. Teachers Advisors LLC lifted its stake in Federal Realty Investment Trust by 15.8% in the first quarter. Teachers Advisors LLC now owns 522,054 shares of the real estate investment trust’s stock valued at $69,694,000 after buying an additional 71,397 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Federal Realty Investment Trust by 1.2% in the first quarter. Thrivent Financial For Lutherans now owns 32,055 shares of the real estate investment trust’s stock valued at $4,279,000 after buying an additional 390 shares during the last quarter. Global X Management Co. LLC lifted its stake in Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 292 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Federal Realty Investment Trust by 8.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,421 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 400 shares during the last quarter. Finally, UBS Group AG lifted its stake in Federal Realty Investment Trust by 540.5% in the first quarter. UBS Group AG now owns 57,845 shares of the real estate investment trust’s stock valued at $7,723,000 after buying an additional 48,814 shares during the last quarter. Hedge funds and other institutional investors own 93.41% of the company’s stock.

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A number of equities research analysts have weighed in on FRT shares. Citigroup Inc. boosted their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, August 14th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $146.00 in a research note on Friday, July 21st. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $140.25.

In related news, EVP Dawn M. Becker sold 2,281 shares of the firm’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 value of $303,487.05. Following the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the completion of the sale, the executive vice president now directly owns 145,809 shares in the company, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. In the last three months, insiders sold 57,495 shares of company stock worth $7,538,395. Company insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust (NYSE FRT) traded down 0.65% during midday trading on Thursday, hitting $127.69. The stock had a trading volume of 49,185 shares. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $149.01. The stock has a 50-day moving average price of $127.00 and a 200 day moving average price of $128.64. The firm has a market cap of $9.23 billion, a PE ratio of 36.98 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $208.00 million for the quarter, compared to the consensus estimate of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. On average, analysts predict that Federal Realty Investment Trust will post $3.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 22nd were issued a $1.00 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date was Thursday, September 21st. This represents a $4.00 annualized dividend and a dividend yield of 3.11%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 115.94%.

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

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