Federal Realty Investment Trust (FRT) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 709,468 shares of the real estate investment trust’s stock after buying an additional 22,207 shares during the period. Bank of New York Mellon Corp owned approximately 0.98% of Federal Realty Investment Trust worth $94,715,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FRT. TLP Group LLC acquired a new stake in Federal Realty Investment Trust during the third quarter valued at approximately $117,000. Alexandria Capital LLC increased its stake in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 16 shares during the period. IFP Advisors Inc increased its stake in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 4 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Federal Realty Investment Trust during the fourth quarter valued at approximately $214,000. Finally, BB&T Securities LLC acquired a new stake in Federal Realty Investment Trust during the third quarter valued at approximately $231,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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

Federal Realty Investment Trust (NYSE FRT) traded down 2.30% during trading on Friday, reaching $125.37. 935,870 shares of the company’s stock traded hands. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $171.08. The firm’s 50 day moving average price is $126.97 and its 200-day moving average price is $135.23. The stock has a market cap of $9.06 billion, a P/E ratio of 39.38 and a beta of 0.32.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. The company had revenue of $207.39 million for the quarter, compared to analyst estimates of $205.96 million. Federal Realty Investment Trust had a net margin of 28.27% and a return on equity of 10.89%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be given a dividend of $0.98 per share. The ex-dividend date is Tuesday, June 20th. This represents a $3.92 annualized dividend and a dividend yield of 3.13%. Federal Realty Investment Trust’s payout ratio is currently 123.27%.

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Several analysts have recently commented on FRT shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $156.00 price objective (down from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Seaport Global Securities reissued a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Sandler O’Neill raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, March 13th. BidaskClub raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank AG increased their price target on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the stock a “hold” rating in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $159.63.

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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