Stephens Inc. AR Sells 1,629 Shares of Federal Realty Investment Trust $FRT

Stephens Inc. AR cut its holdings in Federal Realty Investment Trust (NYSE:FRT) by 40.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,411 shares of the real estate investment trust’s stock after selling 1,629 shares during the quarter. Stephens Inc. AR’s holdings in Federal Realty Investment Trust were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Federal Realty Investment Trust by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Federal Realty Investment Trust by 9.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,344 shares of the real estate investment trust’s stock worth $1,875,000 after buying an additional 1,612 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Federal Realty Investment Trust by 4.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 130,593 shares of the real estate investment trust’s stock worth $12,775,000 after buying an additional 5,964 shares during the period. KBC Group NV increased its stake in shares of Federal Realty Investment Trust by 5.6% in the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 151 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock valued at $1,495,000 after acquiring an additional 146 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.3%

NYSE FRT opened at $100.95 on Tuesday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. 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 stock’s 50 day moving average price is $99.49 and its two-hundred day moving average price is $96.26. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 4.01 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last issued its 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. 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 for the quarter, compared to the consensus estimate of $309.25 million. During the same period in the previous year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on FRT shares. Wells Fargo & Company initiated coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective for the company. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Finally, Mizuho lifted their price objective on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $109.29.

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.