Westpac Banking Corp boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 71.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,181 shares of the real estate investment trust’s stock after buying an additional 74,741 shares during the period. Westpac Banking Corp owned approximately 0.25% of Federal Realty Investment Trust worth $22,256,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FRT. JPMorgan Chase & Co. boosted its stake in Federal Realty Investment Trust by 173.7% during the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after buying an additional 1,489,133 shares during the period. APG Asset Management US Inc. bought a new stake in Federal Realty Investment Trust during the second quarter valued at $104,847,000. Uniplan Investment Counsel Inc. boosted its stake in Federal Realty Investment Trust by 199.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock valued at $49,926,000 after buying an additional 778,865 shares during the period. Daiwa Securities Group Inc. boosted its stake in Federal Realty Investment Trust by 44.4% during the second quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock valued at $278,244,000 after buying an additional 677,382 shares during the period. Finally, Hexavest Inc. bought a new stake in Federal Realty Investment Trust during the second quarter valued at $25,701,000. 93.47% of the stock is owned by institutional investors.

In related news, EVP Dawn M. Becker sold 21,814 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $130.91, for a total value of $2,855,670.74. Following the completion of the transaction, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Donald C. Wood sold 21,342 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $130.86, for a total transaction of $2,792,814.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,495 shares of company stock valued at $7,538,395. Company insiders own 1.10% of the company’s stock.

Several brokerages have issued reports on FRT. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $146.00 in a research note on Friday, July 21st. Citigroup Inc. lifted their price target on Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a research note 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 price target for the company. in a research note on Monday, August 14th. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC dropped their price target on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of “Buy” and an average target price of $140.25.

Shares of Federal Realty Investment Trust (NYSE FRT) traded up 0.41% during midday trading on Wednesday, reaching $121.01. The company’s stock had a trading volume of 89,654 shares. The company’s 50-day moving average price is $125.80 and its 200-day moving average price is $127.98. The company has a market cap of $8.74 billion, a PE ratio of 35.04 and a beta of 0.30. Federal Realty Investment Trust has a 12 month low of $119.37 and a 12 month high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. The firm had revenue of $208.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 earnings per share. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.31 EPS for the current fiscal year.

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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.

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

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