Federal Realty Investment Trust (FRT) Stake Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,175,371 shares of the real estate investment trust’s stock after selling 4,150 shares during the period. Federal Realty Investment Trust accounts for 1.2% of Daiwa Securities Group Inc.’s portfolio, making the stock its 25th largest holding. Daiwa Securities Group Inc. owned 1.60% of Federal Realty Investment Trust worth $148,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FRT. IFP Advisors Inc increased its stake in shares of Federal Realty Investment Trust by 181.3% during the 3rd quarter. IFP Advisors Inc now owns 889 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 573 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Federal Realty Investment Trust during the 2nd quarter worth about $128,000. First Hawaiian Bank acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth about $139,000. Adviser Investments LLC acquired a new position in shares of Federal Realty Investment Trust during the 2nd quarter worth about $152,000. Finally, JNBA Financial Advisors acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth about $176,000. Institutional investors own 92.07% of the company’s stock.

Shares of FRT stock opened at $122.77 on Friday. The stock has a market cap of $9.02 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.30 and a beta of 0.18. The company has a quick ratio of 1.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.43. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). The business had revenue of $229.75 million during the quarter, compared to the consensus estimate of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. On average, research analysts forecast that Federal Realty Investment Trust will post 6.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.08 dividend on an annualized basis and a yield of 3.32%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s payout ratio is currently 69.04%.

FRT has been the topic of several recent analyst reports. ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. BMO Capital Markets set a $135.00 target price on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of Federal Realty Investment Trust from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Bank of America lifted their target price on shares of Federal Realty Investment Trust from $141.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $128.00 target price on shares of Federal Realty Investment Trust in a report on Wednesday, August 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $137.00.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

Read More: Return on Equity (ROE)

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply