Great West Life Assurance Co. Can decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 34.5% during the second quarter, Holdings Channel reports. The institutional investor owned 88,124 shares of the real estate investment trust’s stock after selling 46,414 shares during the period. Great West Life Assurance Co. Can’s holdings in Federal Realty Investment Trust were worth $11,123,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. bought a new position in Federal Realty Investment Trust during the first quarter worth $387,000. Mn Services Vermogensbeheer B.V. boosted its position in Federal Realty Investment Trust by 5.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,914 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 97 shares during the last quarter. Nationwide Fund Advisors boosted its position in Federal Realty Investment Trust by 292.7% in the first quarter. Nationwide Fund Advisors now owns 97,675 shares of the real estate investment trust’s stock worth $13,040,000 after buying an additional 72,800 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in Federal Realty Investment Trust by 29.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,329 shares of the real estate investment trust’s stock worth $978,000 after buying an additional 1,669 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Federal Realty Investment Trust by 9.8% in the first quarter. State of Alaska Department of Revenue now owns 36,561 shares of the real estate investment trust’s stock worth $4,880,000 after buying an additional 3,261 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Federal Realty Investment Trust (FRT) opened at 132.75 on Thursday. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $162.32. The stock has a market capitalization of $9.59 billion, a PE ratio of 38.44 and a beta of 0.29. The company has a 50-day moving average price of $129.26 and a 200-day moving average price of $132.10.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) 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 the consensus estimate of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. Federal Realty Investment Trust’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.42 earnings per share. Analysts expect that Federal Realty Investment Trust will post $3.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 113.62%.

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A number of research firms have recently weighed in on FRT. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday, August 4th. BidaskClub raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average price target of $151.00.

About Federal Realty Investment Trust

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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