KLP Kapitalforvaltning AS Buys 1,700 Shares of Federal Realty Investment Trust $FRT

KLP Kapitalforvaltning AS increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,600 shares of the real estate investment trust’s stock after acquiring an additional 1,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Federal Realty Investment Trust were worth $1,577,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its stake in shares of Federal Realty Investment Trust by 18.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 130 shares in the last quarter. Amalgamated Bank increased its stake in Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock valued at $1,495,000 after purchasing an additional 146 shares in the last quarter. KBC Group NV increased its stake in Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 151 shares in the last quarter. Allworth Financial LP increased its stake in Federal Realty Investment Trust by 8.3% during the 1st quarter. Allworth Financial LP now owns 2,214 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 170 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Federal Realty Investment Trust by 1.3% during the 1st quarter. TD Asset Management Inc now owns 13,528 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $96.99 on Tuesday. The company’s 50-day moving average is $98.18 and its 200 day moving average is $95.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $8.37 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 3.86 and a beta of 1.15. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results 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 company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.69 EPS. On average, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 114.43%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group decreased their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, June 16th. Wells Fargo & Company boosted their price target on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Barclays boosted their price target on shares of Federal Realty Investment Trust from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.36.

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.