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

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,675 shares of the real estate investment trust’s stock after selling 13,953 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Federal Realty Investment Trust were worth $12,635,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Resolution Capital Ltd grew its stake in Federal Realty Investment Trust by 10.3% in the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock worth $387,090,000 after purchasing an additional 340,524 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Federal Realty Investment Trust by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust’s stock worth $136,368,000 after purchasing an additional 53,109 shares during the period. Bank of America Corp DE raised its position in Federal Realty Investment Trust by 90.2% during the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after purchasing an additional 241,684 shares in the last quarter. Wellington Management Group LLP bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $59,832,000. Finally, Janus Henderson Group PLC raised its position in Federal Realty Investment Trust by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust’s stock valued at $43,918,000 after purchasing an additional 10,095 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FRT shares. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Weiss Ratings lowered Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Citigroup lifted their price objective on Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Barclays lowered their price objective on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Finally, Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $128.00 to $126.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $113.55 on Friday. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. Federal Realty Investment Trust has a 52 week low of $95.00 and a 52 week high of $128.21. The company has a quick ratio of 1.70, a current ratio of 1.53 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $110.61 and a 200 day moving average of $113.13.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.11). The company had revenue of $339.02 million for the quarter, compared to analysts’ expectations of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 EPS. On average, sell-side analysts predict that Federal Realty Investment Trust will post 7.56 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust’s payout ratio is presently 92.80%.

Insider Activity at Federal Realty Investment Trust

In related news, Director Nicole Lamb-Hale sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the sale, the director directly owned 4,613 shares in the company, valued at $502,309.57. This represents a 24.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.