DekaBank Deutsche Girozentrale Purchases 17,564 Shares of Federal Realty Investment Trust $FRT

DekaBank Deutsche Girozentrale lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 911.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,491 shares of the real estate investment trust’s stock after purchasing an additional 17,564 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Federal Realty Investment Trust were worth $1,842,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after purchasing an additional 146 shares during the period. KBC Group NV increased its holdings in shares of Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 151 shares during the period. Allworth Financial LP increased its holdings in shares of Federal Realty Investment Trust by 8.3% in the first quarter. Allworth Financial LP now owns 2,214 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 170 shares during the period. TD Asset Management Inc increased its holdings in shares of Federal Realty Investment Trust by 1.3% in the first quarter. TD Asset Management Inc now owns 13,528 shares of the real estate investment trust’s stock worth $1,323,000 after purchasing an additional 178 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Federal Realty Investment Trust by 2.7% in the first quarter. Xponance Inc. now owns 6,933 shares of the real estate investment trust’s stock worth $678,000 after purchasing an additional 181 shares during the period. Institutional investors own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FRT. Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating on the stock in a report on Friday, October 17th. Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 target price for the company. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.29.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $101.39 on Friday. The company has a 50-day simple moving average of $99.35 and a two-hundred day simple moving average of $96.15. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.09. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 4.01 and a beta of 1.15.

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

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, October 1st. Federal Realty Investment Trust’s payout ratio is currently 114.43%.

Federal Realty Investment Trust 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.