TIAA CREF Investment Management LLC reduced its position in Federal Realty Investment Trust (NYSE:FRT) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,343 shares of the real estate investment trust’s stock after selling 41,935 shares during the period. TIAA CREF Investment Management LLC owned about 0.43% of Federal Realty Investment Trust worth $39,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Federal Realty Investment Trust by 173.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after purchasing an additional 1,489,133 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Federal Realty Investment Trust by 1.1% in the 2nd 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 purchasing an additional 1,229 shares in the last quarter. Morgan Stanley increased its stake in Federal Realty Investment Trust by 7.6% in the 1st quarter. Morgan Stanley now owns 508,516 shares of the real estate investment trust’s stock valued at $67,887,000 after purchasing an additional 35,945 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $12,495,000. Finally, Stifel Financial Corp increased its stake in Federal Realty Investment Trust by 192.8% in the 1st quarter. Stifel Financial Corp now owns 26,428 shares of the real estate investment trust’s stock valued at $3,548,000 after purchasing an additional 17,403 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust (NYSE FRT) opened at 124.63 on Thursday. The firm has a market cap of $9.01 billion, a PE ratio of 36.09 and a beta of 0.30. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $160.15. The stock’s 50 day moving average price is $129.37 and its 200 day moving average price is $129.60.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208.00 million for the quarter, compared to the consensus estimate of $208.33 million. During the same period in the previous year, the business earned $1.42 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Federal Realty Investment Trust will post $3.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is 113.62%.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 2,772 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dawn M. Becker sold 2,281 shares of the business’s 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 sale, the executive vice president now directly owns 123,744 shares in the company, valued at $16,464,139.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,495 shares of company stock worth $7,538,395. Company insiders own 1.10% of the company’s stock.

Several equities analysts recently weighed in on the company. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets assumed coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They issued an “outperform” rating and a $145.00 price objective for the company. Finally, Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $140.00 to $146.00 in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $140.25.

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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.

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

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