Rodgers Brothers Inc. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,725 shares of the real estate investment trust’s stock, valued at approximately $463,000.

A number of other hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Federal Realty Investment Trust by 4.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,267 shares of the real estate investment trust’s stock valued at $2,021,000 after purchasing an additional 700 shares in the last quarter. Stephens Inc. AR lifted its holdings in Federal Realty Investment Trust by 1.8% in the 3rd quarter. Stephens Inc. AR now owns 32,326 shares of the real estate investment trust’s stock valued at $4,015,000 after purchasing an additional 583 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Federal Realty Investment Trust by 88.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 49,944 shares of the real estate investment trust’s stock valued at $6,212,000 after purchasing an additional 23,379 shares in the last quarter. Timber Hill LLC purchased a new position in Federal Realty Investment Trust in the 3rd quarter valued at $215,000. Finally, Bank of New York Mellon Corp lifted its holdings in Federal Realty Investment Trust by 57.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after purchasing an additional 417,339 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

Federal Realty Investment Trust (FRT) traded up $0.36 during midday trading on Wednesday, hitting $131.60. The stock had a trading volume of 353,500 shares, compared to its average volume of 469,496. Federal Realty Investment Trust has a fifty-two week low of $119.37 and a fifty-two week high of $145.80. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $9,521.05, a price-to-earnings ratio of 22.28, a PEG ratio of 3.70 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping the Zacks’ 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 business had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. During the same period in the previous year, the company posted $1.41 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. equities research analysts expect that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

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

In related news, CEO Donald C. Wood sold 21,342 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.86, for a total value of $2,792,814.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the company’s stock in a transaction that occurred on 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 directly 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 three months, insiders have sold 102,342 shares of company stock valued at $13,452,421. Corporate insiders own 1.10% of the company’s stock.

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FRT has been the topic of a number of research reports. UBS AG upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $131.00 to $141.00 in a report on Thursday, November 9th. Mizuho restated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Boenning Scattergood restated a “buy” rating and issued a $140.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Citigroup Inc. raised their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $140.50.

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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