Timbercreek Investment Management Inc. Takes $8.27 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Timbercreek Investment Management Inc. bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 60,747 shares of the real estate investment trust’s stock, valued at approximately $8,270,000. Federal Realty Investment Trust accounts for about 1.5% of Timbercreek Investment Management Inc.’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds have also recently modified their holdings of the company. NumerixS Investment Technologies Inc bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at about $39,000. Harvest Fund Management Co. Ltd raised its holdings in Federal Realty Investment Trust by 200.0% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 300 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 200 shares during the period. CSat Investment Advisory L.P. raised its holdings in Federal Realty Investment Trust by 54.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 345 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 121 shares during the period. Ossiam bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at about $48,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $50,000. 89.19% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the stock. Deutsche Bank raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $134.00 to $141.00 in a report on Thursday, September 5th. DA Davidson cut shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. BMO Capital Markets reissued a “buy” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a report on Monday, August 5th. Compass Point assumed coverage on shares of Federal Realty Investment Trust in a report on Thursday, August 15th. They issued a “buy” rating and a $142.00 price target on the stock. Finally, ValuEngine cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Federal Realty Investment Trust has an average rating of “Hold” and an average price target of $143.88.

Shares of NYSE:FRT traded down $1.28 on Wednesday, reaching $139.18. 169,985 shares of the company’s stock were exchanged, compared to its average volume of 398,266. The company has a fifty day moving average of $135.42 and a 200-day moving average of $132.61. Federal Realty Investment Trust has a twelve month low of $115.09 and a twelve month high of $140.56. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 4.52 and a beta of 0.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The firm had revenue of $229.73 million for the quarter, compared to analyst estimates of $232.00 million. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 6.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 23rd were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio is presently 67.42%.

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.

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

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