Bridgewater Associates LP trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 39.0% in the third quarter, HoldingsChannel.com reports. The fund owned 2,677 shares of the real estate investment trust’s stock after selling 1,710 shares during the period. Bridgewater Associates LP’s holdings in Federal Realty Investment Trust were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FRT. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 18.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock valued at $651,475,000 after buying an additional 787,694 shares during the period. Centersquare Investment Management LLC increased its position in Federal Realty Investment Trust by 434.3% during the second quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock worth $33,538,000 after buying an additional 215,419 shares in the last quarter. Millennium Management LLC increased its position in Federal Realty Investment Trust by 68.1% during the second quarter. Millennium Management LLC now owns 496,117 shares of the real estate investment trust’s stock worth $62,784,000 after buying an additional 200,949 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Federal Realty Investment Trust by 103.5% during the third quarter. Canada Pension Plan Investment Board now owns 229,127 shares of the real estate investment trust’s stock worth $28,978,000 after buying an additional 116,534 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Federal Realty Investment Trust by 176.9% during the third quarter. Bank of Montreal Can now owns 109,058 shares of the real estate investment trust’s stock worth $13,792,000 after buying an additional 69,675 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

NYSE:FRT opened at $135.55 on Friday. Federal Realty Investment Trust has a 12-month low of $106.41 and a 12-month high of $135.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $9.70 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 3.63 and a beta of 0.20.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.73). The company had revenue of $229.75 million during the quarter, compared to analyst estimates of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Equities analysts predict that Federal Realty Investment Trust will post 6.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a $1.02 dividend. The ex-dividend date of this dividend is Monday, December 31st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a yield of 3.01%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 69.04%.

In other news, insider Donald C. Wood sold 12,210 shares of Federal Realty Investment Trust stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $132.43, for a total transaction of $1,616,970.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 22nd. BMO Capital Markets set a $135.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Citigroup set a $146.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Bank of America lifted their target price on Federal Realty Investment Trust from $141.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average price target of $137.38.

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Federal Realty Investment Trust 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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Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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

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