Russell Investments Group Ltd. lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,521 shares of the real estate investment trust’s stock after selling 2,684 shares during the period. Russell Investments Group Ltd. owned 0.12% of Federal Realty Investment Trust worth $10,831,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its position in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 4 shares in the last quarter. Alexandria Capital LLC increased its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 16 shares in the last quarter. Pacer Advisors Inc. increased its position in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Federal Realty Investment Trust by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,490 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 70 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in Federal Realty Investment Trust by 1.7% in the first quarter. Trust Co. of Toledo NA OH now owns 4,435 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 72 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust (NYSE FRT) traded down 1.13% during midday trading on Tuesday, reaching $129.58. The company had a trading volume of 191,650 shares. The firm has a market capitalization of $9.36 billion, a PE ratio of 37.53 and a beta of 0.29. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The firm’s 50-day moving average price is $129.83 and its 200 day moving average price is $131.82.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same quarter last year, the business posted $1.42 EPS. Federal Realty Investment Trust’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 113.62%.

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Several equities analysts have weighed in on FRT shares. Citigroup Inc. lifted their target price on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research report on Monday. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday, August 4th. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $140.00 to $146.00 in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Federal Realty Investment Trust has a consensus rating of “Buy” and a consensus price target of $148.78.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 2,772 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total value of $303,487.05. Following the transaction, the executive vice president now directly owns 123,744 shares in the company, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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