Los Angeles Capital Management & Equity Research Inc. Lowers Holdings in Federal Realty Investment Trust (FRT)

Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,383 shares of the real estate investment trust’s stock after selling 71 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Federal Realty Investment Trust were worth $4,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Federal Realty Investment Trust during the first quarter valued at $240,000. JPMorgan Chase & Co. lifted its position in Federal Realty Investment Trust by 173.7% during the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after purchasing an additional 1,489,133 shares during the last quarter. Morgan Stanley lifted its position in Federal Realty Investment Trust by 7.6% during the first quarter. Morgan Stanley now owns 508,516 shares of the real estate investment trust’s stock valued at $67,887,000 after purchasing an additional 35,945 shares during the last quarter. Stifel Financial Corp lifted its position in Federal Realty Investment Trust by 192.8% during the first quarter. Stifel Financial Corp now owns 26,428 shares of the real estate investment trust’s stock valued at $3,548,000 after purchasing an additional 17,403 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Federal Realty Investment Trust by 1.9% during the first quarter. Lazard Asset Management LLC now owns 13,266 shares of the real estate investment trust’s stock valued at $1,771,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

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Several equities analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of Federal Realty Investment Trust in a research report on Monday. They set an “outperform” rating and a $145.00 price objective for the company. Evercore ISI lowered shares of 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 research report on Monday, August 14th. Citigroup Inc. reiterated 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 report on Sunday, June 11th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $141.00.

In other news, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction dated 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 owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the sale, the executive vice president now directly owns 145,809 shares in the company, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. Insiders have sold 57,495 shares of company stock worth $7,538,395 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust (NYSE FRT) opened at 128.69 on Wednesday. The company has a 50-day moving average of $130.10 and a 200 day moving average of $130.07. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $160.15. The stock has a market cap of $9.30 billion, a P/E ratio of 37.27 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly 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. The business had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. Analysts predict that Federal Realty Investment Trust will post $3.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

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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