F3Logic LLC Purchases Shares of 10,952 Federal Realty Investment Trust (FRT)

F3Logic LLC purchased a new position in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, Holdings Channel reports. The fund purchased 10,952 shares of the real estate investment trust’s stock, valued at approximately $1,536,000.

Several other institutional investors and hedge funds also recently modified their holdings of FRT. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock worth $651,475,000 after buying an additional 787,694 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Federal Realty Investment Trust by 8.2% during the 3rd quarter. AQR Capital Management LLC now owns 16,635 shares of the real estate investment trust’s stock worth $2,104,000 after buying an additional 1,256 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Federal Realty Investment Trust by 26.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 325,730 shares of the real estate investment trust’s stock worth $41,195,000 after purchasing an additional 68,497 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Federal Realty Investment Trust by 16.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,132 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 302 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in Federal Realty Investment Trust by 20.6% in the 4th quarter. First Hawaiian Bank now owns 1,324 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 226 shares in the last quarter. 94.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:FRT opened at $128.65 on Thursday. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 4.01 and a beta of 0.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35. Federal Realty Investment Trust has a 52-week low of $113.25 and a 52-week high of $139.29.



Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The business had revenue of $232.23 million for the quarter, compared to analyst estimates of $235.09 million. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a $1.02 dividend. The ex-dividend date is Thursday, June 20th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.17%. Federal Realty Investment Trust’s dividend payout ratio is presently 65.49%.

A number of equities analysts have issued reports on FRT shares. Zacks Investment Research cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Citigroup raised their target price on Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Deutsche Bank raised their target price on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th. Finally, Mizuho cut Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus target price of $139.70.

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Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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