Pioneer Investment Management Inc. reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 29,300 shares of the real estate investment trust’s stock after selling 900 shares during the period. Pioneer Investment Management Inc.’s holdings in Federal Realty Investment Trust were worth $3,703,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FRT. Renaissance Technologies LLC acquired a new stake in Federal Realty Investment Trust during the fourth quarter valued at approximately $2,188,000. Chevy Chase Trust Holdings Inc. boosted its stake in Federal Realty Investment Trust by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 66,770 shares of the real estate investment trust’s stock valued at $8,914,000 after buying an additional 2,124 shares in the last quarter. Creative Planning boosted its stake in Federal Realty Investment Trust by 455.4% in the first quarter. Creative Planning now owns 2,605 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 2,136 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Federal Realty Investment Trust by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 22,085 shares of the real estate investment trust’s stock valued at $2,948,000 after buying an additional 430 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Federal Realty Investment Trust during the first quarter valued at approximately $521,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Federal Realty Investment Trust (NYSE:FRT) opened at 131.06 on Tuesday. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The firm has a market capitalization of $9.47 billion, a PE ratio of 37.96 and a beta of 0.29. The stock’s 50 day moving average price is $129.83 and its 200 day moving average price is $131.82.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The firm had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts expect that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. This is an increase 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 annualized dividend and a yield of 3.05%. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

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Several analysts recently commented on FRT shares. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Citigroup Inc. restated a “buy” rating and issued a $156.00 target price (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $148.78.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of the company’s stock in a transaction 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 approximately $16,464,139.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald C. Wood sold 2,772 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was 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. 1.10% of the stock is currently owned by corporate insiders.

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.

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

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