Asset Management One Co. Ltd. Has $13.68 Million Position in Federal Realty Investment Trust $FRT

Asset Management One Co. Ltd. reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 5.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 144,041 shares of the real estate investment trust’s stock after selling 7,576 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $13,682,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FRT. Amalgamated Bank raised its holdings in Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after purchasing an additional 146 shares during the period. KBC Group NV raised its holdings in Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 151 shares during the period. Allworth Financial LP raised its holdings in Federal Realty Investment Trust by 8.3% in the first quarter. Allworth Financial LP now owns 2,214 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 170 shares during the period. TD Asset Management Inc raised its holdings in Federal Realty Investment Trust by 1.3% in the first quarter. TD Asset Management Inc now owns 13,528 shares of the real estate investment trust’s stock worth $1,323,000 after purchasing an additional 178 shares during the period. Finally, Xponance Inc. raised its holdings in Federal Realty Investment Trust by 2.7% in the first quarter. Xponance Inc. now owns 6,933 shares of the real estate investment trust’s stock worth $678,000 after purchasing an additional 181 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on FRT shares. JPMorgan Chase & Co. increased their target price on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Mizuho increased their price objective on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Evercore ISI lowered their price objective 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 report on Friday, October 17th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.29.

Federal Realty Investment Trust Stock Up 0.6%

Federal Realty Investment Trust stock opened at $101.39 on Monday. The company has a market cap of $8.75 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 4.01 and a beta of 1.15. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09. The company has a fifty day simple moving average of $99.35 and a 200 day simple moving average of $96.19. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42.

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

Federal Realty Investment Trust Increases Dividend

The firm 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. This represents a $4.52 dividend on an annualized basis and a yield of 4.5%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, October 1st. Federal Realty Investment Trust’s payout ratio is 114.43%.

Federal Realty Investment Trust 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.