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Federal Realty Investment Trust – Receive News & Ratings Daily – Rincon Hill News

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Northstar Wealth Partners LLC maintained its stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,663 shares of the real estate investment trust’s stock at the end of the second quarter. Northstar Wealth Partners LLC’s holdings in Federal Realty Investment Trust were worth $207,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Federal Realty Investment Trust by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,276,462 shares of the real estate investment trust’s stock valued at $1,638,908,000 after buying an additional 54,329 shares during the period. BlackRock Inc. increased its stake in shares of Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock valued at $1,054,525,000 after buying an additional 7,568,695 shares during the period. State Street Corp increased its stake in shares of Federal Realty Investment Trust by 5.0% in the first quarter. State Street Corp now owns 5,927,826 shares of the real estate investment trust’s stock valued at $791,369,000 after buying an additional 281,592 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Federal Realty Investment Trust by 44.4% in the second quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock valued at $278,244,000 after buying an additional 677,382 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its stake in shares of Federal Realty Investment Trust by 3.2% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,383,780 shares of the real estate investment trust’s stock valued at $184,735,000 after buying an additional 42,347 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust (FRT) opened at 133.64 on Monday. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $167.12. The company’s 50 day moving average price is $128.10 and its 200-day moving average price is $132.32. The stock has a market capitalization of $9.66 billion, a P/E ratio of 38.70 and a beta of 0.29.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208 million during the quarter, compared to analyst estimates of $208.33 million. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that Federal Realty Investment Trust will post $3.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be issued a $1.00 dividend. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is presently 113.62%.

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Several analysts have recently commented on FRT shares. BidaskClub raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. 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. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $146.00 in a research note on Friday, July 21st. Seaport Global Securities reissued a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $151.00.

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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