IFM Investors Pty Ltd Decreases Stake in Federal Realty Investment Trust $FRT

IFM Investors Pty Ltd lessened its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,783 shares of the real estate investment trust’s stock after selling 3,301 shares during the quarter. IFM Investors Pty Ltd’s holdings in Federal Realty Investment Trust were worth $1,309,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Federal Realty Investment Trust by 1.4% during the first 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 buying an additional 17,634 shares during the last quarter. Northern Trust Corp raised its position in Federal Realty Investment Trust by 3.6% during the first quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock valued at $125,179,000 after purchasing an additional 44,935 shares during the period. Centersquare Investment Management LLC raised its position in Federal Realty Investment Trust by 16.2% during the first 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 purchasing an additional 169,025 shares during the period. Dimensional Fund Advisors LP raised its position in Federal Realty Investment Trust by 0.3% during the first 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 purchasing an additional 3,419 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in Federal Realty Investment Trust by 8.2% during the first quarter. Westwood Holdings Group Inc. now owns 995,159 shares of the real estate investment trust’s stock valued at $97,346,000 after purchasing an additional 75,612 shares during the period. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Scotiabank upped their price objective on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. UBS Group decreased their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, June 16th. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Evercore ISI downgraded Federal Realty Investment Trust from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $106.00 to $107.00 in a research report on Monday, September 15th. Finally, LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a “strong-buy” rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.31.

Federal Realty Investment Trust Stock Up 0.1%

Federal Realty Investment Trust stock opened at $99.71 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.80 and a beta of 1.16. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09. The business has a fifty day moving average price of $96.72 and a 200-day moving average price of $95.50.

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

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 111.39%.

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.