Ameriprise Financial Inc. Has $11.13 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Ameriprise Financial Inc. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 24.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,426 shares of the real estate investment trust’s stock after purchasing an additional 19,408 shares during the period. Ameriprise Financial Inc. owned 0.12% of Federal Realty Investment Trust worth $11,131,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. FIL Ltd increased its stake in shares of Federal Realty Investment Trust by 0.3% during the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after purchasing an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Federal Realty Investment Trust by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after buying an additional 110 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 111 shares during the last quarter. Park Avenue Securities LLC grew its stake in Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 125 shares during the last quarter. Finally, Keybank National Association OH grew its stake in Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 128 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $97.94 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The firm has a 50 day simple moving average of $94.34 and a 200 day simple moving average of $104.19. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.55 million. During the same period in the prior year, the company posted $1.64 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 126.07%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FRT shares. Mizuho cut their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Citigroup reaffirmed a “neutral” rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 23rd. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Raymond James dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

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.