Fiduciary Group LLC Has $464,000 Position in Federal Realty Investment Trust (FRT)

Fiduciary Group LLC continued to hold its position in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,475 shares of the real estate investment trust’s stock at the end of the first quarter. Fiduciary Group LLC’s holdings in Federal Realty Investment Trust were worth $464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $425,260,000. JPMorgan Chase & Co. boosted its stake 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 during the period. Putnam Investments LLC boosted its stake in shares of Federal Realty Investment Trust by 108.8% in the fourth quarter. Putnam Investments LLC now owns 520,926 shares of the real estate investment trust’s stock worth $74,029,000 after buying an additional 271,396 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 19.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,524,093 shares of the real estate investment trust’s stock worth $203,466,000 after buying an additional 243,857 shares during the period. Finally, State Street Corp boosted its stake in shares of Federal Realty Investment Trust by 4.5% in the fourth quarter. State Street Corp now owns 5,646,234 shares of the real estate investment trust’s stock worth $802,379,000 after buying an additional 241,343 shares during the period. 92.38% of the stock is owned by institutional investors and hedge funds.

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

Federal Realty Investment Trust (NYSE FRT) traded down 0.82% during mid-day trading on Tuesday, reaching $123.19. The company had a trading volume of 218,095 shares. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $171.08. The stock has a 50 day moving average price of $126.80 and a 200-day moving average price of $135.05. The stock has a market capitalization of $8.90 billion, a P/E ratio of 38.69 and a beta of 0.32.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.02. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The company had revenue of $207.39 million during the quarter, compared to analyst estimates of $205.96 million. During the same quarter last year, the company earned $1.38 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that Federal Realty Investment Trust will post $3.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 22nd will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, June 20th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 123.27%.

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Several equities analysts recently issued reports on the company. Boenning Scattergood upgraded Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 22nd. Citigroup Inc. reaffirmed a “buy” rating and set a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Sandler O’Neill raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Monday, March 13th. Seaport Global Securities reiterated a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Finally, Deutsche Bank AG upped their price objective on Federal Realty Investment Trust from $139.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Federal Realty Investment Trust presently has a consensus rating of “Hold” and a consensus price target of $159.63.

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.

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