Cubist Systematic Strategies LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,910 shares of the real estate investment trust’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its holdings in Federal Realty Investment Trust by 27.4% during the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 297 shares in the last quarter. Advisor Partners LLC bought a new position in Federal Realty Investment Trust during the third quarter valued at about $203,000. Magnetar Financial LLC bought a new position in Federal Realty Investment Trust during the third quarter valued at about $207,000. Timber Hill LLC bought a new position in Federal Realty Investment Trust during the third quarter valued at about $215,000. Finally, Pacer Advisors Inc. raised its holdings 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 valued at $220,000 after buying an additional 145 shares in the last quarter. 94.42% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust (FRT) opened at $129.91 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $9,420.00, a PE ratio of 41.37, a PEG ratio of 3.47 and a beta of 0.34. Federal Realty Investment Trust has a 12 month low of $119.37 and a 12 month high of $145.01.

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

The firm also recently disclosed 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 3.08%. Federal Realty Investment Trust’s payout ratio is presently 127.39%.

Several research firms have weighed in on FRT. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, December 8th. Jefferies Group cut their target price on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, September 15th. Mizuho restated a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. BMO Capital Markets began coverage on Federal Realty Investment Trust in a report on Sunday, September 17th. They set an “outperform” rating and a $145.00 target price on the stock. Finally, Stifel Nicolaus started coverage on Federal Realty Investment Trust in a report on Thursday, November 30th. They set a “buy” rating and a $144.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $140.82.

In other news, insider Donald C. Wood sold 40,000 shares of Federal Realty Investment Trust stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $131.88, for a total value of $5,275,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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Federal Realty Investment Trust Company 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.

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

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