Sei Investments Co. Sells 18,177 Shares of Federal Realty Investment Trust (FRT)

Sei Investments Co. trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 13.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,140 shares of the real estate investment trust’s stock after selling 18,177 shares during the period. Sei Investments Co. owned about 0.17% of Federal Realty Investment Trust worth $14,923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Federal Realty Investment Trust by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,367 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 18 shares during the period. ING Groep NV increased its stake in shares of Federal Realty Investment Trust by 0.6% during the second quarter. ING Groep NV now owns 3,699 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 22 shares during the period. Kemper Corp Master Retirement Trust increased its stake in shares of Federal Realty Investment Trust by 1.4% during the second quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 25 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Federal Realty Investment Trust by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 19,757 shares of the real estate investment trust’s stock worth $2,497,000 after buying an additional 60 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Federal Realty Investment Trust by 1.7% during the second quarter. Xact Kapitalforvaltning AB now owns 5,596 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Several brokerages have commented on FRT. BMO Capital Markets began coverage on shares of Federal Realty Investment Trust in a research note on Monday, September 11th. They issued an “outperform” rating and a $145.00 price target on the stock. Evercore ISI lowered shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target on the stock. in a research note on Monday, August 14th. UBS AG upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $131.00 to $141.00 in a research note on Thursday, November 9th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $140.50.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction 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 owns 145,809 shares of the company’s stock, valued at $19,087,856.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Donald C. Wood sold 9,900 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $132.44, for a total value of $1,311,156.00. The disclosure for this sale can be found here. In the last three months, insiders sold 102,342 shares of company stock valued at $13,452,421. 1.10% of the stock is owned by corporate insiders.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $131.90 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a fifty-two week low of $119.37 and a fifty-two week high of $145.80. The firm has a market capitalization of $9,546.44, a price-to-earnings ratio of 22.34, a P/E/G ratio of 3.71 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The firm had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. During the same period last year, the company earned $1.41 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. analysts anticipate that Federal Realty Investment Trust will post 5.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 97.56%.

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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.

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

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