Federal Realty Investment Trust $FRT Shares Acquired by Aberdeen Group plc

Aberdeen Group plc lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,129 shares of the real estate investment trust’s stock after acquiring an additional 4,412 shares during the period. Aberdeen Group plc owned about 0.05% of Federal Realty Investment Trust worth $4,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust’s stock valued at $127,442,000 after acquiring an additional 17,634 shares in the last quarter. Northern Trust Corp raised its position in shares of Federal Realty Investment Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock valued at $125,179,000 after acquiring an additional 44,935 shares in the last quarter. PGGM Investments raised its position in shares of Federal Realty Investment Trust by 23.7% during the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after acquiring an additional 238,679 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of Federal Realty Investment Trust by 16.2% during the 1st quarter. Centersquare Investment Management LLC now owns 1,211,041 shares of the real estate investment trust’s stock valued at $118,464,000 after acquiring an additional 169,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Federal Realty Investment Trust by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,217 shares of the real estate investment trust’s stock valued at $114,370,000 after acquiring an additional 3,419 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 0.2%

NYSE:FRT opened at $98.05 on Friday. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 3.97 and a beta of 1.15. The business has a fifty day moving average of $98.47 and a 200-day moving average of $95.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. During the same quarter in the prior year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $1.13 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FRT. Evercore ISI began coverage on Federal Realty Investment Trust in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $105.00 target price on the stock. Scotiabank increased their target price on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Finally, Mizuho increased their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.