Federal Realty Investment Trust $FRT Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 207.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 401,428 shares of the real estate investment trust’s stock after buying an additional 270,835 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.47% of Federal Realty Investment Trust worth $38,132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. bought a new stake in shares of Federal Realty Investment Trust in the second quarter worth $3,480,000. DekaBank Deutsche Girozentrale increased its stake in shares of Federal Realty Investment Trust by 911.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,491 shares of the real estate investment trust’s stock worth $1,842,000 after buying an additional 17,564 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Federal Realty Investment Trust in the second quarter worth $3,030,000. Chevy Chase Trust Holdings LLC increased its stake in shares of Federal Realty Investment Trust by 1.4% in the second quarter. Chevy Chase Trust Holdings LLC now owns 41,665 shares of the real estate investment trust’s stock worth $3,958,000 after buying an additional 563 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Federal Realty Investment Trust by 0.3% in the second quarter. Nordea Investment Management AB now owns 157,570 shares of the real estate investment trust’s stock worth $14,862,000 after buying an additional 467 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FRT shares. Evercore ISI lowered their target price on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, October 7th. Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.29.

Federal Realty Investment Trust Stock Down 2.9%

Federal Realty Investment Trust stock opened at $98.05 on Wednesday. The company has a 50-day simple moving average of $99.52 and a 200-day simple moving average of $96.32. The firm has a market capitalization of $8.46 billion, a P/E ratio of 24.82, a P/E/G ratio of 3.99 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The firm had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 EPS. As a group, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $1.13 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.6%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s payout ratio is currently 114.43%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.