Thrivent Financial for Lutherans increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 40.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,122 shares of the real estate investment trust’s stock after acquiring an additional 14,483 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Federal Realty Investment Trust worth $5,820,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in FRT. Lourd Capital LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth $211,000. American Assets Capital Advisers LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $212,000. Keel Point LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $217,000. Great Lakes Advisors LLC acquired a new position in Federal Realty Investment Trust in the first quarter valued at $234,000. Finally, Oppenheimer & Co. Inc. increased its stake in Federal Realty Investment Trust by 53.0% in the first quarter. Oppenheimer & Co. Inc. now owns 2,531 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 877 shares during the period. Hedge funds and other institutional investors own 93.33% of the company’s stock.
A number of research firms have commented on FRT. BMO Capital Markets restated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research note on Wednesday, May 2nd. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, May 4th. Jefferies Group set a $133.00 price target on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target (down from $144.00) on shares of Federal Realty Investment Trust in a research note on Wednesday, February 14th. Finally, TheStreet lowered shares of Federal Realty Investment Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $135.00.
In related news, insider Donald C. Wood sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total transaction of $3,532,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.
Shares of Federal Realty Investment Trust stock opened at $116.94 on Friday. Federal Realty Investment Trust has a 52-week low of $106.41 and a 52-week high of $135.59. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.51. The stock has a market cap of $8.55 billion, a PE ratio of 19.79, a PEG ratio of 3.15 and a beta of 0.24.
Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.02. The firm had revenue of $225.40 million for the quarter, compared to the consensus estimate of $222.80 million. Federal Realty Investment Trust had a net margin of 33.70% and a return on equity of 12.70%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. equities analysts anticipate that Federal Realty Investment Trust will post 6.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 22nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 67.68%.
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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
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