Argonautica Private Wealth Management Inc. Acquires New Stake in Federal Realty Investment Trust $FRT

Argonautica Private Wealth Management Inc. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,637 shares of the real estate investment trust’s stock, valued at approximately $3,480,000. Federal Realty Investment Trust accounts for 1.1% of Argonautica Private Wealth Management Inc.’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Nuveen LLC purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at $52,017,000. Hsbc Holdings PLC raised its holdings in shares of Federal Realty Investment Trust by 123.9% in the 1st quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock valued at $72,634,000 after buying an additional 412,843 shares during the period. Strs Ohio acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth $32,181,000. PGGM Investments grew its stake in shares of Federal Realty Investment Trust by 23.7% in the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after acquiring an additional 238,679 shares in the last quarter. Finally, APG Asset Management US Inc. increased its position in shares of Federal Realty Investment Trust by 111.4% during the first quarter. APG Asset Management US Inc. now owns 382,214 shares of the real estate investment trust’s stock worth $37,071,000 after acquiring an additional 201,390 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of recent research reports. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, October 7th. Barclays boosted their price target on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Mizuho increased their price objective on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $109.29.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $100.26 on Wednesday. The firm has a market capitalization of $8.65 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 3.94 and a beta of 1.15. The business’s fifty day moving average price is $98.93 and its 200 day moving average price is $95.80. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.5%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 114.43%.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.