SG Americas Securities LLC Raises Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

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SG Americas Securities LLC lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,972 shares of the real estate investment trust’s stock after purchasing an additional 1,296 shares during the quarter. SG Americas Securities LLC’s holdings in Federal Realty Investment Trust were worth $7,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Federal Realty Investment Trust by 5.5% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,612 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 84 shares in the last quarter. 6 Meridian boosted its stake in Federal Realty Investment Trust by 2.3% in the second quarter. 6 Meridian now owns 3,876 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 88 shares in the last quarter. BB&T Securities LLC boosted its stake in Federal Realty Investment Trust by 6.2% in the third quarter. BB&T Securities LLC now owns 1,828 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 107 shares in the last quarter. Hartford Investment Management Co. boosted its stake in Federal Realty Investment Trust by 0.3% in the second quarter. Hartford Investment Management Co. now owns 33,089 shares of the real estate investment trust’s stock worth $4,261,000 after buying an additional 108 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its stake in Federal Realty Investment Trust by 5.8% in the third quarter. Heritage Investors Management Corp now owns 1,995 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 110 shares in the last quarter. 89.16% of the stock is owned by institutional investors.

FRT stock traded down $0.60 during midday trading on Friday, hitting $131.48. The company had a trading volume of 189,050 shares, compared to its average volume of 413,016. 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 has a 52 week low of $115.09 and a 52 week high of $141.35. The stock’s 50 day moving average price is $136.23 and its 200 day moving average price is $132.63. The stock 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 (NYSE:FRT) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.75). Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.09%. The company had revenue of $233.90 million during the quarter, compared to the consensus estimate of $231.88 million. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post 6.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.20 annualized dividend and a yield of 3.19%. Federal Realty Investment Trust’s payout ratio is currently 67.42%.

Several analysts have issued reports on the company. Sandler O’Neill lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $145.00 in a research note on Friday, November 1st. They noted that the move was a valuation call. Mizuho raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Friday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Compass Point assumed coverage on Federal Realty Investment Trust in a research note on Thursday, August 15th. They issued a “buy” rating and a $142.00 target price for the company. Finally, ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of “Buy” and a consensus price target of $144.00.

Federal Realty Investment Trust Company Profile

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.

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

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