Alpine Woods Capital Investors LLC continued to hold its position in Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,100 shares of the real estate investment trust’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Federal Realty Investment Trust were worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in Federal Realty Investment Trust during the fourth quarter valued at about $2,188,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Federal Realty Investment Trust during the first quarter valued at about $240,000. JPMorgan Chase & Co. boosted its position in Federal Realty Investment Trust by 640.8% in the first quarter. JPMorgan Chase & Co. now owns 857,161 shares of the real estate investment trust’s stock valued at $114,432,000 after buying an additional 741,450 shares in the last quarter. Toronto Dominion Bank boosted its position in Federal Realty Investment Trust by 57.2% in the first quarter. Toronto Dominion Bank now owns 19,458 shares of the real estate investment trust’s stock valued at $2,597,000 after buying an additional 7,079 shares in the last quarter. Finally, Morgan Stanley boosted its position in Federal Realty Investment Trust by 7.6% in the first quarter. Morgan Stanley now owns 508,516 shares of the real estate investment trust’s stock valued at $67,887,000 after buying an additional 35,945 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 129.27 on Wednesday. The firm’s 50-day moving average is $129.88 and its 200 day moving average is $131.74. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $162.06. The firm has a market capitalization of $9.34 billion, a P/E ratio of 37.44 and a beta of 0.29.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $208 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% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Equities research analysts forecast that Federal Realty Investment Trust will post $3.36 EPS for the current fiscal year.

The company 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 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 113.62%.

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Several research analysts have issued reports on FRT shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Jefferies Group LLC reissued a “hold” rating and set a $136.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Seaport Global Securities reissued a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and a consensus price target of $148.78.

In other news, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the transaction, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.

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

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