DekaBank Deutsche Girozentrale Has $1.08 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

DekaBank Deutsche Girozentrale cut its holdings in Federal Realty Investment Trust (NYSE:FRT) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,490 shares of the real estate investment trust’s stock after selling 1,711 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Federal Realty Investment Trust were worth $1,084,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Federal Realty Investment Trust by 1.6% in the third quarter. State Street Corp now owns 7,220,855 shares of the real estate investment trust’s stock worth $990,662,000 after buying an additional 117,175 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Federal Realty Investment Trust by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 602,923 shares of the real estate investment trust’s stock worth $77,614,000 after buying an additional 16,371 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Federal Realty Investment Trust by 0.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 413,602 shares of the real estate investment trust’s stock worth $53,243,000 after buying an additional 2,968 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Federal Realty Investment Trust by 23.5% in the fourth quarter. First Trust Advisors LP now owns 399,939 shares of the real estate investment trust’s stock worth $51,484,000 after buying an additional 75,971 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Federal Realty Investment Trust by 20.9% in the third quarter. Millennium Management LLC now owns 153,623 shares of the real estate investment trust’s stock worth $20,914,000 after buying an additional 26,605 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

A number of brokerages have recently weighed in on FRT. BMO Capital Markets cut shares of Federal Realty Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $135.00 to $133.00 in a research note on Tuesday, January 7th. Raymond James dropped their target price on shares of Federal Realty Investment Trust from $143.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup boosted their target price on shares of Federal Realty Investment Trust from $144.00 to $146.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $144.00 in a research report on Wednesday, January 15th. Finally, ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $142.50.

Shares of FRT stock opened at $127.23 on Friday. Federal Realty Investment Trust has a 1 year low of $122.50 and a 1 year high of $141.35. The firm’s fifty day simple moving average is $127.39 and its 200 day simple moving average is $131.36. The firm has a market capitalization of $9.45 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The company has a current ratio of 1.22, a quick ratio of 1.52 and a debt-to-equity ratio of 1.41.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.32. Federal Realty Investment Trust had a net margin of 37.81% and a return on equity of 14.77%. The business had revenue of $239.10 million for the quarter, compared to analyst estimates of $238.32 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Federal Realty Investment Trust’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, March 13th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 66.35%.

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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