PGGM Investments continued to hold its stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, Holdings Channel reports. The fund owned 1,925,626 shares of the real estate investment trust’s stock at the end of the second quarter. Federal Realty Investment Trust accounts for about 1.6% of PGGM Investments’ holdings, making the stock its 10th largest position. PGGM Investments’ holdings in Federal Realty Investment Trust were worth $318,787,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $6,165,000. Trust Co. of Toledo NA OH raised its position in shares of Federal Realty Investment Trust by 0.4% in the second quarter. Trust Co. of Toledo NA OH now owns 10,565 shares of the real estate investment trust’s stock valued at $1,749,000 after buying an additional 44 shares during the period. Oakbrook Investments LLC raised its position in shares of Federal Realty Investment Trust by 15.1% in the second quarter. Oakbrook Investments LLC now owns 4,194 shares of the real estate investment trust’s stock valued at $694,000 after buying an additional 550 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Federal Realty Investment Trust by 18.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 57,617 shares of the real estate investment trust’s stock valued at $9,538,000 after buying an additional 9,000 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of Federal Realty Investment Trust by 6.7% in the second quarter. LS Investment Advisors LLC now owns 11,076 shares of the real estate investment trust’s stock valued at $1,834,000 after buying an additional 694 shares during the period. 91.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 0.96% during mid-day trading on Wednesday, reaching $155.68. 402,162 shares of the company traded hands. Federal Realty Investment Trust has a 52-week low of $132.39 and a 52-week high of $171.08. The firm’s 50 day moving average price is $158.96 and its 200-day moving average price is $158.02. The company has a market capitalization of $11.12 billion, a P/E ratio of 43.14 and a beta of 0.45.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.01. Federal Realty Investment Trust had a net margin of 32.72% and a return on equity of 11.21%. The firm earned $196.42 million during the quarter, compared to the consensus estimate of $196.26 million. During the same quarter in the previous year, the company posted $1.33 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that Federal Realty Investment Trust will post $5.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be issued a $0.98 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $3.92 annualized dividend and a yield of 2.52%. Federal Realty Investment Trust’s payout ratio is 104.44%.

Several brokerages have weighed in on FRT. Canaccord Genuity increased their target price on shares of Federal Realty Investment Trust from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Jefferies Group reaffirmed a “hold” rating and set a $173.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, August 5th. RBC Capital Markets reaffirmed an “underperform” rating and set a $140.00 target price (up previously from $130.00) on shares of Federal Realty Investment Trust in a research note on Wednesday, August 10th. Royal Bank Of Canada increased their target price on shares of Federal Realty Investment Trust from $130.00 to $140.00 and gave the stock an “underperform” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Federal Realty Investment Trust presently has a consensus rating of “Hold” and a consensus target price of $160.80.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

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