Envestnet Asset Management Inc. trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 25.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,378 shares of the real estate investment trust’s stock after selling 464 shares during the period. Envestnet Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FRT. Resolution Capital Ltd raised its stake in shares of Federal Realty Investment Trust by 30.1% during the 2nd quarter. Resolution Capital Ltd now owns 1,095,092 shares of the real estate investment trust’s stock worth $138,584,000 after buying an additional 253,410 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of Federal Realty Investment Trust by 434.3% during the 2nd quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock worth $33,538,000 after buying an additional 215,419 shares in the last quarter. Millennium Management LLC raised its stake in shares of Federal Realty Investment Trust by 94.6% during the 1st quarter. Millennium Management LLC now owns 295,168 shares of the real estate investment trust’s stock worth $34,272,000 after buying an additional 143,491 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Federal Realty Investment Trust by 11.6% during the 1st quarter. Brookfield Asset Management Inc. now owns 974,055 shares of the real estate investment trust’s stock worth $113,098,000 after buying an additional 101,300 shares in the last quarter. Finally, Echo Street Capital Management LLC raised its stake in shares of Federal Realty Investment Trust by 233.6% during the 1st quarter. Echo Street Capital Management LLC now owns 127,892 shares of the real estate investment trust’s stock worth $14,850,000 after buying an additional 89,559 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

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

FRT opened at $125.39 on Tuesday. The company has a market capitalization of $9.40 billion, a P/E ratio of 21.22, a PEG ratio of 3.44 and a beta of 0.18. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.32 and a current ratio of 1.32. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $134.52.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be issued a $1.02 dividend. The ex-dividend date is Thursday, September 20th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio is currently 69.04%.

Federal Realty Investment Trust 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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