Federal Realty Investment Trust (FRT) Shares Bought by Uniplan Investment Counsel Inc.
Uniplan Investment Counsel Inc. lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 199.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,479 shares of the real estate investment trust’s stock after buying an additional 778,865 shares during the quarter. Federal Realty Investment Trust makes up approximately 2.2% of Uniplan Investment Counsel Inc.’s investment portfolio, making the stock its 12th largest position. Uniplan Investment Counsel Inc. owned approximately 1.62% of Federal Realty Investment Trust worth $49,926,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $126,000. Global X Management Co. LLC raised its stake in shares of Federal Realty Investment Trust by 30.6% during the 1st quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the period. Pacer Advisors Inc. raised its stake in shares of Federal Realty Investment Trust by 3.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. Northstar Wealth Partners LLC acquired a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $221,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $236,000. 93.94% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Citigroup Inc. reissued a “buy” rating and issued a $156.00 price objective (down from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. Jefferies Group LLC reissued a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective for the company. in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $140.43.
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Federal Realty Investment Trust (NYSE FRT) traded up 0.48% on Monday, reaching $130.00. The company had a trading volume of 65,890 shares. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $160.15. The company has a market capitalization of $9.39 billion, a PE ratio of 37.65 and a beta of 0.30. The company’s 50-day moving average is $130.10 and its 200-day moving average is $130.16.
Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. The company had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. Federal Realty Investment Trust’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. Equities analysts anticipate that Federal Realty Investment Trust will post $3.33 EPS 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 given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.09%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is presently 113.62%.
In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now directly owns 123,744 shares in the company, valued at $16,464,139.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 21,342 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $130.86, for a total value of $2,792,814.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,495 shares of company stock worth $7,538,395. 1.10% of the stock is owned by company insiders.
Federal Realty Investment Trust Profile
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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