Resolution Capital Ltd Buys 110,280 Shares of Federal Realty Investment Trust (NYSE:FRT)

Resolution Capital Ltd increased its position in Federal Realty Investment Trust (NYSE:FRT) by 60.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,745 shares of the real estate investment trust’s stock after buying an additional 110,280 shares during the period. Federal Realty Investment Trust comprises 1.8% of Resolution Capital Ltd’s portfolio, making the stock its 20th largest position. Resolution Capital Ltd owned approximately 0.40% of Federal Realty Investment Trust worth $36,874,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FRT. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at $126,000. Alexandria Capital LLC boosted 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 valued at $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC boosted 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 valued at $166,000 after buying an additional 292 shares during the period. IFP Advisors Inc boosted 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 valued at $205,000 after buying an additional 4 shares during the period. Finally, Pacer Advisors Inc. boosted 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 valued at $213,000 after buying an additional 55 shares during the period. 94.84% of the stock is currently owned by institutional investors.

Shares of Federal Realty Investment Trust (NYSE FRT) traded down 2.00% on Friday, reaching $129.40. The company’s stock had a trading volume of 365,560 shares. The firm has a 50 day moving average price of $129.66 and a 200-day moving average price of $132.02. The stock has a market cap of $9.35 billion, a PE ratio of 37.47 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.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $208 million for the quarter, compared to analysts’ expectations of $208.33 million. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that Federal Realty Investment Trust will post $3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. 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. This represents a $4.00 annualized dividend and a dividend yield of 3.09%. Federal Realty Investment Trust’s payout ratio is 113.62%.

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FRT has been the subject of several research reports. BidaskClub raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $146.00 in a research note on Friday, July 21st. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $152.38.

In related news, EVP Dawn M. Becker sold 2,281 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total value of $303,487.05. Following the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Donald C. Wood sold 2,772 shares of the company’s 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 owned by insiders.

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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