Nisa Investment Advisors LLC Cuts Stock Position in Federal Realty Investment Trust $FRT

Nisa Investment Advisors LLC lessened its stake in Federal Realty Investment Trust (NYSE:FRT) by 25.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 25,423 shares of the real estate investment trust’s stock after selling 8,538 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Federal Realty Investment Trust were worth $2,415,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FRT. Nuveen LLC purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth $52,017,000. Hsbc Holdings PLC grew its holdings in shares of Federal Realty Investment Trust by 123.9% during the first quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock worth $72,634,000 after buying an additional 412,843 shares in the last quarter. Strs Ohio purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth $32,181,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 207.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,428 shares of the real estate investment trust’s stock worth $38,132,000 after buying an additional 270,835 shares in the last quarter. Finally, PGGM Investments grew its holdings in shares of Federal Realty Investment Trust by 23.7% during the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after buying an additional 238,679 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.8%

Shares of FRT stock opened at $94.75 on Friday. The company’s 50-day moving average price is $99.47 and its 200-day moving average price is $96.35. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 3.78 and a beta of 1.15. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve 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 analysts’ consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $302.48 million for the quarter, compared to analysts’ expectations of $309.25 million. During the same quarter in the prior year, the company posted $1.69 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $1.13 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.8%. Federal Realty Investment Trust’s dividend payout ratio is currently 114.43%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FRT. Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 target price for the company. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Evercore ISI dropped their target price on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Realty Investment Trust in a report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.29.

Federal Realty Investment Trust Company 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.