Lafayette Investments Inc. Sells 350 Shares of Federal Realty Investment Trust (NYSE:FRT)

Lafayette Investments Inc. lessened its position in Federal Realty Investment Trust (NYSE:FRT) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,150 shares of the real estate investment trust’s stock after selling 350 shares during the period. Lafayette Investments Inc.’s holdings in Federal Realty Investment Trust were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. American International Group Inc. grew its stake in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. American International Group Inc. now owns 24,046 shares of the real estate investment trust’s stock worth $3,095,000 after acquiring an additional 400 shares in the last quarter. Rhumbline Advisers raised its stake in Federal Realty Investment Trust by 9.7% in the fourth quarter. Rhumbline Advisers now owns 157,832 shares of the real estate investment trust’s stock valued at $20,318,000 after purchasing an additional 13,961 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Federal Realty Investment Trust by 94.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 55,151 shares of the real estate investment trust’s stock valued at $6,957,000 after purchasing an additional 26,776 shares in the last quarter. Victory Capital Management Inc. raised its stake in Federal Realty Investment Trust by 16.3% in the fourth quarter. Victory Capital Management Inc. now owns 27,927 shares of the real estate investment trust’s stock valued at $3,491,000 after purchasing an additional 3,904 shares in the last quarter. Finally, Stanley Laman Group Ltd. acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at about $272,000. 85.87% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on FRT shares. Sandler O’Neill downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $145.00 in a research note on Friday, November 1st. They noted that the move was a valuation call. Jefferies Financial Group raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $144.00 in a research note on Wednesday, January 15th. BMO Capital Markets downgraded Federal Realty Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $135.00 to $133.00 in a research note on Tuesday, January 7th. Citigroup boosted their price target on Federal Realty Investment Trust from $144.00 to $146.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus dropped their price target on Federal Realty Investment Trust from $147.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $142.80.

Shares of NYSE:FRT traded down $1.81 during midday trading on Tuesday, hitting $126.16. 15,263 shares of the stock were exchanged, compared to its average volume of 362,184. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 3.75 and a beta of 0.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.52 and a current ratio of 1.52. The business’s 50-day moving average price is $127.56 and its 200 day moving average price is $131.47. Federal Realty Investment Trust has a 12 month low of $124.36 and a 12 month high of $141.35.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.32. The company had revenue of $239.10 million for the quarter, compared to analysts’ expectations of $238.32 million. Federal Realty Investment Trust had a return on equity of 11.09% and a net margin of 28.01%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.35 EPS for the current year.

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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