Brasada Capital Management LP Sells 100 Shares of Federal Realty Investment Trust (NYSE:FRT)

Share on StockTwits

Brasada Capital Management LP decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,580 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Brasada Capital Management LP’s holdings in Federal Realty Investment Trust were worth $896,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Swaine & Leidel Wealth Services LLC lifted its stake in Federal Realty Investment Trust by 16.0% in the third quarter. Swaine & Leidel Wealth Services LLC now owns 18,871 shares of the real estate investment trust’s stock valued at $2,569,000 after buying an additional 2,604 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Federal Realty Investment Trust by 2.3% in the third quarter. SG Americas Securities LLC now owns 56,972 shares of the real estate investment trust’s stock valued at $7,756,000 after purchasing an additional 1,296 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Federal Realty Investment Trust by 10.6% in the third quarter. First Trust Advisors LP now owns 323,968 shares of the real estate investment trust’s stock valued at $44,105,000 after purchasing an additional 31,097 shares during the last quarter. Mackay Shields LLC raised its holdings in shares of Federal Realty Investment Trust by 19.4% in the third quarter. Mackay Shields LLC now owns 13,502 shares of the real estate investment trust’s stock valued at $1,838,000 after purchasing an additional 2,191 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in shares of Federal Realty Investment Trust by 36.5% in the third quarter. IFM Investors Pty Ltd now owns 7,590 shares of the real estate investment trust’s stock valued at $1,033,000 after purchasing an additional 2,030 shares during the last quarter. 89.16% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on FRT. Mizuho upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Friday, September 13th. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price objective on the stock. in a report on Tuesday, October 22nd. Deutsche Bank upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $134.00 to $141.00 in a report on Thursday, September 5th. BMO Capital Markets restated a “buy” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a report on Monday, August 5th. Finally, Sandler O’Neill downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $145.00 in a report on Friday, November 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus price target of $144.00.

Shares of FRT opened at $131.48 on Friday. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 4.34 and a beta of 0.43. Federal Realty Investment Trust has a 1-year low of $115.09 and a 1-year high of $141.35. The company’s fifty day simple moving average is $136.23 and its 200 day simple moving average is $132.63. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.75). The firm had revenue of $233.90 million for the quarter, compared to analyst estimates of $231.88 million. Federal Realty Investment Trust had a return on equity of 11.09% and a net margin of 28.01%. Federal Realty Investment Trust’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. As a group, research analysts forecast that Federal Realty Investment Trust will post 6.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.19%. Federal Realty Investment Trust’s payout ratio is 67.42%.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

Recommended Story: Why is cost of goods sold important?

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.