Federal Realty Investment Trust (FRT) Shares Bought by Strs Ohio

Strs Ohio raised its position in Federal Realty Investment Trust (NYSE:FRT) by 96.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,469 shares of the real estate investment trust’s stock after buying an additional 110,159 shares during the period. Strs Ohio owned approximately 0.31% of Federal Realty Investment Trust worth $28,370,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD increased its stake in Federal Realty Investment Trust by 195.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,294 shares of the real estate investment trust’s stock worth $3,449,000 after buying an additional 18,049 shares in the last quarter. Hartford Investment Management Co. increased its stake in Federal Realty Investment Trust by 76.4% in the second quarter. Hartford Investment Management Co. now owns 28,838 shares of the real estate investment trust’s stock worth $3,645,000 after buying an additional 12,487 shares in the last quarter. ING Groep NV increased its stake in Federal Realty Investment Trust by 0.6% in the second quarter. ING Groep NV now owns 3,699 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 22 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Federal Realty Investment Trust during the second quarter worth approximately $279,000. Finally, PGGM Investments increased its stake in Federal Realty Investment Trust by 2.4% in the second quarter. PGGM Investments now owns 1,239,000 shares of the real estate investment trust’s stock worth $156,597,000 after buying an additional 29,000 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 (NYSE FRT) opened at 126.96 on Friday. The stock has a market capitalization of $9.17 billion, a P/E ratio of 36.77 and a beta of 0.29. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The firm’s 50-day moving average price is $129.93 and its 200-day moving average price is $131.62.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.15%. This is a positive change 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 dividend payout ratio (DPR) is 113.62%.

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A number of equities research analysts recently commented on the company. Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price on the stock. in a research report on Monday, August 14th. Citigroup Inc. reiterated a “buy” rating and issued a $156.00 target price (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report 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 report on Tuesday, July 25th. Finally, Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $144.88.

In other news, 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 transaction of $368,842.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dawn M. Becker sold 2,281 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 $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now directly owns 123,744 shares in the company, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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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