Federal Realty Investment Trust $FRT Shares Sold by IFM Investors Pty Ltd

by · The Cerbat Gem

IFM Investors Pty Ltd lowered its position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 12.8% in the 1st quarter, Holdings Channel reports. The fund owned 17,084 shares of the real estate investment trust’s stock after selling 2,498 shares during the period. IFM Investors Pty Ltd’s holdings in Federal Realty Investment Trust were worth $1,671,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Federal Realty Investment Trust by 18.2% during the first quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 130 shares during the last quarter. Amalgamated Bank grew its position in shares of Federal Realty Investment Trust by 1.0% during the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after acquiring an additional 146 shares during the last quarter. KBC Group NV grew its position in shares of Federal Realty Investment Trust by 5.6% during the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 151 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 8.7% during the fourth quarter. Gotham Asset Management LLC now owns 2,108 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $101.74 on Friday. The firm has a 50-day moving average price of $96.08 and a 200 day moving average price of $95.76. The firm has a market capitalization of $8.78 billion, a PE ratio of 25.76, a P/E/G ratio of 3.89 and a beta of 1.16. 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 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. During the same quarter in the prior year, the firm posted $1.69 EPS. Federal Realty Investment Trust’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s dividend payout ratio is currently 111.39%.

Wall Street Analysts Forecast Growth

FRT has been the subject of several recent research reports. Mizuho upped their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. UBS Group lowered 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 report on Monday, June 16th. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Finally, Raymond James Financial decreased their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $109.31.

Check Out Our Latest Report on Federal Realty Investment Trust

About Federal Realty Investment Trust

(Free Report)

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.

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