Janney Montgomery Scott LLC Cuts Stake in Federal Realty Investment Trust (NYSE:FRT)

Janney Montgomery Scott LLC trimmed its stake in Federal Realty Investment Trust (NYSE:FRT) by 47.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,027 shares of the real estate investment trust’s stock after selling 1,844 shares during the period. Janney Montgomery Scott LLC’s holdings in Federal Realty Investment Trust were worth $252,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FRT. American Century Companies Inc. boosted its holdings in shares of Federal Realty Investment Trust by 18.2% during the 2nd quarter. American Century Companies Inc. now owns 169,134 shares of the real estate investment trust’s stock valued at $21,377,000 after purchasing an additional 26,027 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Federal Realty Investment Trust by 3.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 60,000 shares of the real estate investment trust’s stock valued at $7,583,000 after purchasing an additional 2,000 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Federal Realty Investment Trust by 29.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,973 shares of the real estate investment trust’s stock valued at $2,524,000 after purchasing an additional 4,548 shares during the last quarter. Utah Retirement Systems boosted its holdings in shares of Federal Realty Investment Trust by 2.5% during the 2nd quarter. Utah Retirement Systems now owns 15,565 shares of the real estate investment trust’s stock valued at $1,968,000 after purchasing an additional 379 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Federal Realty Investment Trust by 9.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.

A number of research analysts recently commented on FRT shares. 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. UBS Group raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $131.00 to $141.00 in a report on Thursday, November 9th. Stifel Nicolaus started coverage on shares of Federal Realty Investment Trust in a research note on Thursday, November 30th. They issued a “buy” rating and a $144.00 price objective for the company. Mizuho reissued a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Finally, BMO Capital Markets started coverage on shares of Federal Realty Investment Trust in a research note on Sunday, September 17th. They issued an “outperform” rating and a $145.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.55.

In other news, insider Donald C. Wood sold 40,000 shares of Federal Realty Investment Trust stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total transaction of $5,275,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust (FRT) opened at $122.81 on Friday. The stock has a market cap of $8,910.00, a P/E ratio of 39.11, a P/E/G ratio of 3.47 and a beta of 0.34. Federal Realty Investment Trust has a 1-year low of $119.37 and a 1-year high of $143.79. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, December 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.26%. Federal Realty Investment Trust’s payout ratio is currently 127.39%.

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Federal Realty Investment Trust Company Profile

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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