Prudential Financial Inc. reduced its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,853 shares of the real estate investment trust’s stock after selling 2,503 shares during the period. Prudential Financial Inc. owned about 0.86% of Federal Realty Investment Trust worth $78,470,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Federal Realty Investment Trust by 18.2% in the second quarter. American Century Companies Inc. now owns 169,134 shares of the real estate investment trust’s stock worth $21,377,000 after buying an additional 26,027 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Federal Realty Investment Trust by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 281,408 shares of the real estate investment trust’s stock worth $35,567,000 after buying an additional 1,966 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of Federal Realty Investment Trust by 39.5% in the second quarter. Virginia Retirement Systems ET AL now owns 56,900 shares of the real estate investment trust’s stock worth $7,192,000 after buying an additional 16,100 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Federal Realty Investment Trust by 1.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 113,222 shares of the real estate investment trust’s stock worth $14,310,000 after buying an additional 1,229 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth approximately $226,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust (FRT) opened at 128.32 on Friday. The firm has a market cap of $9.27 billion, a P/E ratio of 37.16 and a beta of 0.29. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $162.06. The firm’s 50-day moving average price is $129.95 and its 200-day moving average price is $131.19.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $208 million during the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. Federal Realty Investment Trust’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 EPS. Equities research analysts anticipate that Federal Realty Investment Trust will post $3.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Thursday, September 21st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is 113.62%.

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A number of analysts recently commented on the company. Citigroup Inc. boosted their target price on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Evercore ISI lowered Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price for the company. in a research report on Monday, August 14th. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. Finally, BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $144.88.

In related 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 transaction of $368,842.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dawn M. Becker sold 2,281 shares of the business’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 transaction of $303,487.05. Following the transaction, the executive vice president now owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

About Federal Realty Investment Trust

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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