SG Americas Securities LLC Has $7.76 Million Position in Federal Realty Investment Trust (NYSE:FRT)

SG Americas Securities LLC boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,972 shares of the real estate investment trust’s stock after purchasing an additional 1,296 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Federal Realty Investment Trust worth $7,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FRT. Nuveen Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 94.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,311,496 shares of the real estate investment trust’s stock worth $168,869,000 after acquiring an additional 638,193 shares during the last quarter. PGGM Investments boosted its holdings in Federal Realty Investment Trust by 47.9% during the 2nd quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock worth $245,592,000 after acquiring an additional 617,362 shares during the last quarter. Resolution Capital Ltd boosted its holdings in Federal Realty Investment Trust by 94.6% during the 3rd quarter. Resolution Capital Ltd now owns 1,006,892 shares of the real estate investment trust’s stock worth $137,078,000 after acquiring an additional 489,540 shares during the last quarter. Carlson Capital L P boosted its holdings in Federal Realty Investment Trust by 154.5% during the 2nd quarter. Carlson Capital L P now owns 334,984 shares of the real estate investment trust’s stock worth $43,133,000 after acquiring an additional 203,357 shares during the last quarter. Finally, Inverness Counsel LLC NY purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth $21,029,000. 89.16% of the stock is owned by institutional investors and hedge funds.

FRT has been the topic of a number of analyst reports. Compass Point initiated coverage on shares of Federal Realty Investment Trust in a report on Thursday, August 15th. They set a “buy” rating and a $142.00 price objective on the stock. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price objective on the stock. in a report on Tuesday, October 22nd. Sandler O’Neill downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $150.00 to $145.00 in a report on Friday, November 1st. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, August 5th. Finally, Deutsche Bank raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $134.00 to $141.00 in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Federal Realty Investment Trust presently has an average rating of “Buy” and an average target price of $144.00.

Shares of NYSE FRT traded down $0.60 during mid-day trading on Friday, reaching $131.48. 189,050 shares of the company’s stock were exchanged, compared to its average volume of 413,016. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.43. Federal Realty Investment Trust has a 52 week low of $115.09 and a 52 week high of $141.35. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a 50-day moving average price of $136.23 and a two-hundred day moving average price of $132.63.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.75). The business had revenue of $233.90 million for the quarter, compared to the consensus estimate of $231.88 million. Federal Realty Investment Trust had a return on equity of 11.09% and a net margin of 28.01%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 6.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, December 31st. Federal Realty Investment Trust’s payout ratio is 67.42%.

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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