Nomura Asset Management Co. Ltd. increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,956 shares of the real estate investment trust’s stock after acquiring an additional 4,021 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.09% of Federal Realty Investment Trust worth $7,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 30.1% during the second quarter. Resolution Capital Ltd now owns 1,095,092 shares of the real estate investment trust’s stock valued at $138,584,000 after acquiring an additional 253,410 shares during the period. Millennium Management LLC lifted its stake in shares of Federal Realty Investment Trust by 94.6% during the first quarter. Millennium Management LLC now owns 295,168 shares of the real estate investment trust’s stock valued at $34,272,000 after acquiring an additional 143,491 shares during the period. Brookfield Asset Management Inc. lifted its stake in shares of Federal Realty Investment Trust by 11.6% during the first quarter. Brookfield Asset Management Inc. now owns 974,055 shares of the real estate investment trust’s stock valued at $113,098,000 after acquiring an additional 101,300 shares during the period. Teachers Insurance & Annuity Association of America acquired a new position in shares of Federal Realty Investment Trust during the first quarter valued at $11,072,000. Finally, Echo Street Capital Management LLC lifted its stake in shares of Federal Realty Investment Trust by 233.6% during the first quarter. Echo Street Capital Management LLC now owns 127,892 shares of the real estate investment trust’s stock valued at $14,850,000 after acquiring an additional 89,559 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. SunTrust Banks raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, June 25th. DA Davidson raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research note on Monday, June 25th. They noted that the move was a valuation call. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. TheStreet raised Federal Realty Investment Trust from a “c+” rating to a “b-” rating in a research note on Thursday, June 21st. Finally, Stifel Nicolaus upped their price target on Federal Realty Investment Trust from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $136.23.

Federal Realty Investment Trust opened at $125.04 on Friday, according to MarketBeat. The stock has a market capitalization of $9.26 billion, a P/E ratio of 21.16, a P/E/G ratio of 3.40 and a beta of 0.23. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.49. Federal Realty Investment Trust has a 12 month low of $106.41 and a 12 month high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $224.90 million during the quarter, compared to the consensus estimate of $223.56 million. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.49 earnings per share. equities research analysts predict that Federal Realty Investment Trust will post 6.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 20th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio is currently 67.68%.

In related news, insider Donald C. Wood sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $119.06, for a total value of $2,381,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 56,625 shares of company stock valued at $6,796,976 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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