First Republic Investment Management Inc. bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,966 shares of the real estate investment trust’s stock, valued at approximately $1,135,000.

Other institutional investors have also recently bought and sold shares of the company. Adviser Investments LLC purchased a new position in Federal Realty Investment Trust during the second quarter worth about $152,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth about $201,000. American Assets Capital Advisers LLC purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth about $202,000. SOL Capital Management CO acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at about $212,000. Finally, Conning Inc. acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at about $214,000. 91.95% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on FRT. Deutsche Bank raised their price objective on Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, August 28th. Citigroup lifted their target price on Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Jefferies Financial Group reissued a “hold” rating and issued a $128.00 price target on shares of Federal Realty Investment Trust in a report on Wednesday, August 15th. Finally, Bank of America raised their price target on Federal Realty Investment Trust from $141.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $137.54.

Shares of FRT traded down $0.81 during midday trading on Friday, reaching $118.40. The stock had a trading volume of 698,782 shares, compared to its average volume of 450,779. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $9.29 billion, a PE ratio of 20.03, a P/E/G ratio of 3.40 and a beta of 0.17. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $224.90 million for the quarter, compared to the consensus estimate of $223.56 million. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. Federal Realty Investment Trust’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. On average, equities research analysts forecast that Federal Realty Investment Trust will post 6.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 21st will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.45%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s payout ratio is currently 69.04%.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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