Asset Management One Co. Ltd. cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,164 shares of the real estate investment trust’s stock after selling 9,772 shares during the quarter. Asset Management One Co. Ltd. owned 0.37% of Federal Realty Investment Trust worth $33,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in shares of Federal Realty Investment Trust by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 24,471 shares of the real estate investment trust’s stock worth $3,092,000 after acquiring an additional 5,013 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% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 113,222 shares of the real estate investment trust’s stock worth $14,310,000 after acquiring an additional 1,229 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 173.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock worth $296,548,000 after acquiring an additional 1,489,133 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth $12,495,000. Finally, PGGM Investments boosted its stake in shares of Federal Realty Investment Trust by 4.8% during the 3rd quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock worth $161,349,000 after acquiring an additional 60,000 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

FRT has been the subject of several research reports. BMO Capital Markets initiated coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective for the company. Boenning Scattergood reaffirmed a “buy” rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. UBS raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $141.00 in a research report on Thursday, November 9th. Mizuho reaffirmed a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, Stifel Nicolaus started coverage on Federal Realty Investment Trust in a research report on Thursday, November 30th. They issued a “buy” rating and a $144.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Federal Realty Investment Trust has a consensus rating of “Buy” and an average price target of $140.82.

In related news, insider Donald C. Wood sold 40,000 shares of Federal Realty Investment Trust stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $131.88, for a total transaction of $5,275,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $130.29 on Friday. The company has a market capitalization of $9,452.15, a price-to-earnings ratio of 22.12, a PEG ratio of 3.67 and a beta of 0.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a 12-month low of $119.37 and a 12-month high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $217.95 million during the quarter, compared to analysts’ expectations of $213.63 million. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. Federal Realty Investment Trust’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. research analysts expect that Federal Realty Investment Trust will post 5.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Friday, December 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.07%. Federal Realty Investment Trust’s payout ratio is 97.56%.

ILLEGAL ACTIVITY NOTICE: “Asset Management One Co. Ltd. Trims Stake in Federal Realty Investment Trust (FRT)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/asset-management-one-co-ltd-trims-stake-in-federal-realty-investment-trust-frt/1755419.html.

Federal Realty Investment Trust 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)

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.