Zurcher Kantonalbank Zurich Cantonalbank increased its position in Federal Realty Investment Trust (NYSE:FRT) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,267 shares of the real estate investment trust’s stock after purchasing an additional 700 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Federal Realty Investment Trust were worth $2,021,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FRT. Advisor Group Inc. lifted its position in Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares during the period. Global X Management Co. LLC raised its stake in Federal Realty Investment Trust by 16.0% during the second quarter. Global X Management Co. LLC now owns 1,444 shares of the real estate investment trust’s stock worth $183,000 after acquiring an additional 199 shares in the last quarter. Advisor Partners LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth $203,000. Timber Hill LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth $215,000. Finally, Pacer Advisors Inc. raised its stake in Federal Realty Investment Trust by 9.1% during the second quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 145 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the completion of the sale, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald C. Wood sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total value of $5,275,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,342 shares of company stock valued at $13,452,421. 1.10% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the company. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, August 4th. Stifel Nicolaus assumed coverage on Federal Realty Investment Trust in a research note on Thursday. They set a “buy” rating and a $144.00 price objective for the company. Jefferies Group dropped their price objective on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, September 15th. BMO Capital Markets assumed coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective for the company. Finally, Citigroup increased their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $140.82.

Shares of Federal Realty Investment Trust (FRT) opened at $132.54 on Friday. Federal Realty Investment Trust has a 12 month low of $119.37 and a 12 month high of $145.80. The firm has a market capitalization of $9,591.42, a price-to-earnings ratio of 22.45, a PEG ratio of 3.73 and a beta of 0.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The company had revenue of $217.95 million during the quarter, compared to analyst estimates of $213.63 million. During the same period last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. sell-side analysts predict that Federal Realty Investment Trust will post 5.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $1.00 dividend. The ex-dividend date is Friday, December 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.02%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 97.56%.

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

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