Mason Street Advisors LLC Has $1.35 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Mason Street Advisors LLC cut its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,931 shares of the real estate investment trust’s stock after selling 752 shares during the quarter. Mason Street Advisors LLC’s holdings in Federal Realty Investment Trust were worth $1,352,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Federal Realty Investment Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 11,812,062 shares of the real estate investment trust’s stock worth $1,520,921,000 after purchasing an additional 113,923 shares during the period. Invesco Ltd. lifted its stake in Federal Realty Investment Trust by 2.2% during the second quarter. Invesco Ltd. now owns 2,426,225 shares of the real estate investment trust’s stock worth $312,401,000 after purchasing an additional 53,274 shares during the period. PGGM Investments lifted its stake in Federal Realty Investment Trust by 47.9% during the second quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock worth $245,592,000 after purchasing an additional 617,362 shares during the period. Nuveen Asset Management LLC lifted its stake in Federal Realty Investment Trust by 94.8% during the second quarter. Nuveen Asset Management LLC now owns 1,311,496 shares of the real estate investment trust’s stock worth $168,869,000 after purchasing an additional 638,193 shares during the period. Finally, Northern Trust Corp lifted its stake in Federal Realty Investment Trust by 2.1% during the second quarter. Northern Trust Corp now owns 1,292,983 shares of the real estate investment trust’s stock worth $166,484,000 after purchasing an additional 27,118 shares during the period. 87.12% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FRT opened at $131.86 on Monday. Federal Realty Investment Trust has a 1 year low of $115.09 and a 1 year high of $141.35. The firm has a 50 day moving average of $135.85 and a 200-day moving average of $132.60. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $9.95 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 4.30 and a beta of 0.43.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.75). Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.09%. The firm had revenue of $233.90 million during the quarter, compared to the consensus estimate of $231.88 million. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, analysts forecast that Federal Realty Investment Trust will post 6.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 67.42%.

A number of research analysts have commented on FRT shares. Zacks Investment Research cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price target for the company. in a research note on Tuesday, October 22nd. Mizuho upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Friday, September 13th. Deutsche Bank upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $134.00 to $141.00 in a research note on Thursday, September 5th. DA Davidson cut shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Compass Point started coverage on shares of Federal Realty Investment Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $142.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Hold” and a consensus target price of $143.50.

About Federal Realty Investment Trust

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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.