Westpac Banking Corp decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,258 shares of the real estate investment trust’s stock after selling 3,923 shares during the period. Westpac Banking Corp’s holdings in Federal Realty Investment Trust were worth $23,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Federal Realty Investment Trust by 43.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock valued at $420,257,000 after purchasing an additional 1,030,604 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Federal Realty Investment Trust by 57.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after purchasing an additional 417,339 shares during the last quarter. Resolution Capital Ltd grew its stake in shares of Federal Realty Investment Trust by 87.3% in the 3rd quarter. Resolution Capital Ltd now owns 546,450 shares of the real estate investment trust’s stock valued at $67,875,000 after purchasing an additional 254,705 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in shares of Federal Realty Investment Trust by 18.4% in the 2nd quarter. Brookfield Asset Management Inc. now owns 903,707 shares of the real estate investment trust’s stock valued at $114,220,000 after purchasing an additional 140,607 shares during the last quarter. Finally, Shell Asset Management Co. grew its stake in shares of Federal Realty Investment Trust by 1,143.0% in the 3rd quarter. Shell Asset Management Co. now owns 143,870 shares of the real estate investment trust’s stock valued at $17,043,000 after purchasing an additional 132,296 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $122.80 on Thursday. 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 has a 12 month low of $119.37 and a 12 month high of $143.79. The firm has a market capitalization of $8,910.00, a P/E ratio of 39.11, a P/E/G ratio of 3.29 and a beta of 0.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly 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 firm had revenue of $217.95 million for the quarter, compared to the consensus estimate of $213.63 million. During the same period in the previous year, the business earned $1.41 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts anticipate that Federal Realty Investment Trust will post 5.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.26%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.39%.

In related news, CEO Donald C. Wood sold 9,900 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $132.44, for a total value of $1,311,156.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

FRT has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, January 9th. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus initiated coverage on Federal Realty Investment Trust in a research note on Thursday, November 30th. They issued a “buy” rating and a $144.00 target price on the stock. UBS Group upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $131.00 to $141.00 in a research note on Thursday, November 9th. Finally, Mizuho reiterated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $140.55.

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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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