American Century Companies Inc. increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 18.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,134 shares of the real estate investment trust’s stock after buying an additional 26,027 shares during the period. American Century Companies Inc. owned approximately 0.23% of Federal Realty Investment Trust worth $21,377,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Federal Realty Investment Trust by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 281,408 shares of the real estate investment trust’s stock valued at $35,567,000 after buying an additional 1,966 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Federal Realty Investment Trust by 39.5% in the second quarter. Virginia Retirement Systems ET AL now owns 56,900 shares of the real estate investment trust’s stock valued at $7,192,000 after buying an additional 16,100 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Federal Realty Investment Trust by 1.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 113,222 shares of the real estate investment trust’s stock valued at $14,310,000 after buying an additional 1,229 shares in the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at $226,000. Finally, Comerica Bank boosted its stake in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Comerica Bank now owns 37,381 shares of the real estate investment trust’s stock valued at $4,907,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 93.94% of the company’s stock.

Shares of Federal Realty Investment Trust (NYSE FRT) opened at 128.20 on Friday. The stock has a market cap of $9.26 billion, a PE ratio of 37.13 and a beta of 0.30. The firm has a 50-day moving average price of $130.08 and a 200 day moving average price of $130.65. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $160.89.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $208 million for the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Equities research analysts expect that Federal Realty Investment Trust will post $3.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.12%. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

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Several brokerages recently weighed in on FRT. Citigroup Inc. increased their target price on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a report on Monday, August 14th. Evercore ISI cut Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price for the company. in a report on Monday, August 14th. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and set a $136.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. Finally, BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $140.43.

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

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

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