Canada Pension Plan Investment Board Has $16.58 Million Stake in Federal Realty Investment Trust (FRT)

Canada Pension Plan Investment Board decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 30.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,440 shares of the real estate investment trust’s stock after selling 58,711 shares during the period. Canada Pension Plan Investment Board owned 0.18% of Federal Realty Investment Trust worth $16,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FRT. Vanguard Group Inc. raised its stake in Federal Realty Investment Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 12,396,763 shares of the real estate investment trust’s stock worth $1,566,826,000 after buying an additional 120,301 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Federal Realty Investment Trust by 173.7% in the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock worth $296,548,000 after buying an additional 1,489,133 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Federal Realty Investment Trust by 44.4% during the second quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock worth $278,244,000 after purchasing an additional 677,382 shares in the last quarter. PGGM Investments increased its position in shares of Federal Realty Investment Trust by 4.8% during the third quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock worth $161,349,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. increased its position in shares of Federal Realty Investment Trust by 199.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock worth $49,926,000 after purchasing an additional 778,865 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

FRT has been the topic of a number of recent analyst reports. BMO Capital Markets began coverage on Federal Realty Investment Trust in a research report on Monday, September 11th. They set an “outperform” rating and a $145.00 price target on the stock. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $140.00 to $146.00 in a research report on Friday, July 21st. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC cut their target price on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Federal Realty Investment Trust has a consensus rating of “Buy” and an average price target of $140.50.

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In related news, EVP Dawn M. Becker sold 21,814 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at $19,087,856.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald C. Wood sold 9,286 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $131.12, for a total transaction of $1,217,580.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,342 shares of company stock worth $13,452,421. 1.10% of the stock is currently owned by company insiders.

Shares of Federal Realty Investment Trust (FRT) traded up $0.60 during mid-day trading on Friday, reaching $132.50. 428,098 shares of the company’s stock traded hands, compared to its average volume of 421,663. The stock has a market cap of $9,660.00, a PE ratio of 22.38, a PEG ratio of 3.72 and a beta of 0.31. Federal Realty Investment Trust has a 52 week low of $119.37 and a 52 week high of $145.80. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The business had revenue of $217.95 million during the quarter, compared to analysts’ expectations of $213.63 million. During the same period in the previous year, the company earned $1.41 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. sell-side analysts predict that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $1.00 dividend. The ex-dividend date is Friday, December 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.02%. Federal Realty Investment Trust’s dividend payout ratio is presently 127.39%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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

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