Duff & Phelps Investment Management Co. cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 364,469 shares of the real estate investment trust’s stock after selling 9,150 shares during the period. Duff & Phelps Investment Management Co. owned about 0.50% of Federal Realty Investment Trust worth $46,065,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC purchased a new position in Federal Realty Investment Trust during the first quarter valued at approximately $126,000. Alexandria Capital LLC raised its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 16 shares in the last quarter. Global X Management Co. LLC raised its position 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 in the last quarter. IFP Advisors Inc raised its position in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 4 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Shares of Federal Realty Investment Trust (FRT) opened at 129.40 on Friday. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $162.06. The company’s 50 day moving average is $129.66 and its 200 day moving average is $132.02. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 37.47 and a beta of 0.29.

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 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 firm had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same period in the prior year, the firm posted $1.42 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts predict that Federal Realty Investment Trust will post $3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is presently 113.62%.

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Several equities analysts have commented on FRT shares. Seaport Global Securities reissued a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $146.00 in a report on Friday, July 21st. BidaskClub raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Citigroup Inc. reissued a “buy” rating and issued a $156.00 target price (down from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently 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 the firm’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 filing with the SEC, which is available through this link. Also, EVP Dawn M. Becker sold 2,281 shares of the firm’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 sale, the executive vice president now directly owns 123,744 shares in the company, valued at $16,464,139.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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

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