Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Enterprise Financial Services Corp

Enterprise Financial Services Corp cut its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,048 shares of the real estate investment trust’s stock after selling 53 shares during the period. Enterprise Financial Services Corp’s holdings in Federal Realty Investment Trust were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FRT. BlackRock Inc. increased its position in shares of Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock worth $1,054,525,000 after buying an additional 7,568,695 shares in the last quarter. APG Asset Management US Inc. acquired a new position in shares of Federal Realty Investment Trust during the second quarter worth approximately $104,847,000. Brookfield Asset Management Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $101,874,000. JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 640.8% in the first quarter. JPMorgan Chase & Co. now owns 857,161 shares of the real estate investment trust’s stock worth $114,432,000 after buying an additional 741,450 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Federal Realty Investment Trust by 44.4% in the second quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock worth $278,244,000 after buying an additional 677,382 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust (FRT) opened at 126.96 on Friday. The stock’s 50 day moving average price is $129.93 and its 200-day moving average price is $131.62. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The firm has a market capitalization of $9.17 billion, a PE ratio of 36.77 and a beta of 0.29.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.15%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is presently 113.62%.

ILLEGAL ACTIVITY WARNING: “Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Enterprise Financial Services Corp” was originally posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/enterprise-financial-services-corp-has-132000-stake-in-federal-realty-investment-trust-nysefrt-updated-updated.html.

FRT has been the topic of several research reports. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $146.00 in a research note on Friday, July 21st. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Finally, Citigroup Inc. restated a “buy” rating and set a $156.00 price objective (down previously from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $144.88.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust 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 sale, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total value of $368,842.32. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply