Federal Realty Investment Trust (NYSE:FRT) Position Held by Independent Order of Foresters

Independent Order of Foresters maintained its stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, Holdings Channel reports. The fund owned 8,517 shares of the real estate investment trust’s stock at the end of the second quarter. Federal Realty Investment Trust accounts for 0.9% of Independent Order of Foresters’ portfolio, making the stock its 28th largest position. Independent Order of Foresters’ holdings in Federal Realty Investment Trust were worth $1,076,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FRT. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $126,000. Alexandria Capital LLC raised its stake in shares of 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 worth $158,000 after buying an additional 16 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the last quarter. IFP Advisors Inc raised its stake in shares of 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 worth $205,000 after buying an additional 4 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Shares of Federal Realty Investment Trust (FRT) opened at 133.41 on Tuesday. The stock’s 50 day moving average price is $128.10 and its 200 day moving average price is $132.32. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $167.12. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 38.64 and a beta of 0.29.

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 for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $208 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 earnings per share. Analysts expect that Federal Realty Investment Trust will post $3.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be given a dividend of $1.00 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

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FRT has been the subject of a number of research reports. Citigroup Inc. restated a “buy” rating and set a $156.00 price objective (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. Finally, Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price 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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