Panagora Asset Management Inc. Sells 222 Shares of Federal Realty Investment Trust (NYSE:FRT)

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Panagora Asset Management Inc. decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,664 shares of the real estate investment trust’s stock after selling 222 shares during the quarter. Panagora Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $1,373,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FRT. Geode Capital Management LLC grew its stake in Federal Realty Investment Trust by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 1,222,569 shares of the real estate investment trust’s stock valued at $144,110,000 after buying an additional 103,768 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Federal Realty Investment Trust by 694.1% during the 1st quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 236 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Federal Realty Investment Trust by 36.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,778 shares of the real estate investment trust’s stock worth $796,000 after acquiring an additional 1,551 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Federal Realty Investment Trust by 332.6% during the first quarter. Janus Henderson Group PLC now owns 104,441 shares of the real estate investment trust’s stock valued at $14,398,000 after acquiring an additional 80,300 shares during the period. Finally, HL Financial Services LLC bought a new stake in Federal Realty Investment Trust during the first quarter valued at about $276,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Federal Realty Investment Trust stock traded down $1.26 during mid-day trading on Wednesday, reaching $134.92. The company had a trading volume of 2,594 shares, compared to its average volume of 381,821. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a 52 week low of $115.09 and a 52 week high of $139.29. The company has a 50 day moving average of $130.92 and a 200-day moving average of $132.27. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 4.13 and a beta of 0.46.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The company had revenue of $229.73 million for the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the previous year, the firm posted $1.55 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Federal Realty Investment Trust will post 6.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 23rd will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.11%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Friday, September 20th. Federal Realty Investment Trust’s payout ratio is currently 65.49%.

Several brokerages have recently issued reports on FRT. BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, August 5th. Deutsche Bank raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $134.00 to $141.00 in a research report on Thursday, September 5th. Raymond James upgraded Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Tuesday, May 28th. Compass Point assumed coverage on Federal Realty Investment Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $142.00 target price for the company. Finally, DA Davidson lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $142.13.

Federal Realty Investment Trust 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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