Uniplan Investment Counsel Inc. Acquires 8,171 Shares of Federal Realty Investment Trust (FRT)

Uniplan Investment Counsel Inc. lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,186 shares of the real estate investment trust’s stock after purchasing an additional 8,171 shares during the period. Federal Realty Investment Trust comprises 2.1% of Uniplan Investment Counsel Inc.’s holdings, making the stock its 11th biggest holding. Uniplan Investment Counsel Inc. owned about 0.56% of Federal Realty Investment Trust worth $50,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Federal Realty Investment Trust by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Federal Realty Investment Trust by 16.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,444 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 199 shares during the last quarter. Advisor Partners LLC acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $203,000. Magnetar Financial LLC acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $207,000. Finally, Timber Hill LLC acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $215,000. 94.67% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust (NYSE:FRT) traded down $2.03 during trading on Wednesday, hitting $131.54. 408,500 shares of the stock traded hands, compared to its average volume of 465,909. The stock has a market capitalization of $9,690.09, a P/E ratio of 22.68, a P/E/G ratio of 3.77 and a beta of 0.34. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. Federal Realty Investment Trust has a 1-year low of $119.37 and a 1-year high of $145.80.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.

FRT has been the topic of several analyst reports. Citigroup lifted their target price on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Evercore ISI downgraded shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price on the stock. in a research report on Monday, August 14th. Jefferies Group dropped their target price on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Stifel Nicolaus initiated coverage on shares of Federal Realty Investment Trust in a research report on Thursday, November 30th. They issued a “buy” rating and a $144.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on shares of Federal Realty Investment Trust in a research report on Sunday, September 17th. They issued an “outperform” rating and a $145.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $140.82.

In related news, insider Donald C. Wood sold 9,286 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $131.12, for a total transaction of $1,217,580.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $2,855,670.74. Following the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at $19,087,856.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,342 shares of company stock valued at $13,452,421. 1.10% of the stock is currently owned by corporate insiders.

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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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