Sumitomo Mitsui Asset Management Company LTD Has $4.21 Million Position in Federal Realty Investment Trust (FRT)

Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 40.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 30,517 shares of the real estate investment trust’s stock after selling 20,898 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Federal Realty Investment Trust were worth $4,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its stake in Federal Realty Investment Trust by 694.1% in the 1st quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 236 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at about $46,000. Clarus Wealth Advisors raised its position in shares of Federal Realty Investment Trust by 19.4% during the 4th quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 106 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at about $100,000. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at about $106,000. Institutional investors own 94.55% of the company’s stock.

Several brokerages have recently issued reports on FRT. Mizuho cut shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Thursday, March 7th. BMO Capital Markets restated a “buy” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Deutsche Bank upped their target price on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Citigroup upped their target price on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Federal Realty Investment Trust currently has a consensus rating of “Buy” and an average price target of $139.70.



Shares of NYSE FRT traded up $0.60 during mid-day trading on Friday, hitting $131.08. 6,094 shares of the company’s stock traded hands, compared to its average volume of 430,884. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 4.16 and a beta of 0.49. Federal Realty Investment Trust has a 1 year low of $113.25 and a 1 year high of $139.29.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 EPS for the quarter, beating the consensus estimate of $1.55 by $0.01. The company had revenue of $232.23 million for the quarter, compared to the consensus estimate of $235.09 million. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. On average, equities analysts predict that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $4.08 annualized dividend and a yield of 3.11%. Federal Realty Investment Trust’s payout ratio is 65.49%.

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About Federal Realty Investment Trust

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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