Mn Services Vermogensbeheer B.V. Raises Position in Federal Realty Investment Trust (NYSE:FRT)

Mn Services Vermogensbeheer B.V. raised its position in Federal Realty Investment Trust (NYSE:FRT) by 511.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,697 shares of the real estate investment trust’s stock after buying an additional 9,783 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Federal Realty Investment Trust were worth $1,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FRT. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $126,000. Alexandria Capital LLC increased its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC increased its position in Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the period. IFP Advisors Inc increased its position in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the period. Finally, Pacer Advisors Inc. increased its position in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. 94.63% of the stock is owned by institutional investors.

Shares of Federal Realty Investment Trust (FRT) traded down 1.24% during trading on Friday, hitting $126.96. The stock had a trading volume of 1,342,179 shares. The stock has a 50-day moving average price of $129.93 and a 200 day moving average price of $131.62. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The company has a market cap of $9.17 billion, a P/E ratio of 36.77 and a beta of 0.29.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The firm had revenue of $208 million during the quarter, compared to analysts’ expectations of $208.33 million. During the same period in the prior year, the business posted $1.42 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts expect that Federal Realty Investment Trust will post $3.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $1.00 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

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A number of equities analysts have issued reports on the company. Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective for the company. in a report on Monday, August 14th. Citigroup Inc. reiterated a “buy” rating and issued a $156.00 price objective (down previously from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus price target of $144.88.

In related news, insider Donald C. Wood sold 2,772 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dawn M. Becker sold 2,281 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total value of $303,487.05. Following the transaction, the executive vice president now directly owns 123,744 shares in the company, valued at $16,464,139.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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)

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