JNBA Financial Advisors Invests $176,000 in Federal Realty Investment Trust (FRT)

JNBA Financial Advisors bought a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,392 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in Federal Realty Investment Trust by 0.8% during the second quarter. CIBC Asset Management Inc now owns 50,801 shares of the real estate investment trust’s stock worth $6,429,000 after purchasing an additional 427 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Federal Realty Investment Trust by 13.8% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,843 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 465 shares during the period. IFP Advisors Inc lifted its stake in Federal Realty Investment Trust by 181.3% during the third 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 period. Nissay Asset Management Corp Japan ADV lifted its stake in Federal Realty Investment Trust by 5.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 11,540 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 631 shares during the period. Finally, IFM Investors Pty Ltd lifted its stake in Federal Realty Investment Trust by 34.2% during the third quarter. IFM Investors Pty Ltd now owns 2,778 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Shares of Federal Realty Investment Trust stock opened at $122.77 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.21 and a quick ratio of 1.32. The company has a market capitalization 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. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.73). The company had revenue of $229.75 million during the quarter, compared to analyst estimates 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 business earned $1.50 EPS. Equities analysts predict that Federal Realty Investment Trust will post 6.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors 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 dividend yield of 3.32%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 69.04%.

A number of research analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating and set a $128.00 price target on shares of Federal Realty Investment Trust in a research note on Wednesday, August 15th. Deutsche Bank raised their price target on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, August 28th. Scotiabank initiated coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 16th. They issued an “outperform” rating for the company. Citigroup lifted their target price on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Finally, ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $137.00.

Federal Realty Investment Trust 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.

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

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