Duff & Phelps Investment Management Co. raised its position in Federal Realty Investment Trust (NYSE:FRT) by 17.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 432,269 shares of the real estate investment trust’s stock after buying an additional 63,244 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Federal Realty Investment Trust were worth $66,539,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth approximately $113,000. Global X Management Co. LLC boosted its stake in Federal Realty Investment Trust by 83.9% in the second quarter. Global X Management Co. LLC now owns 756 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 345 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Federal Realty Investment Trust by 4.2% in the second quarter. Glenmede Trust Co. NA now owns 1,068 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 43 shares in the last quarter. Iowa State Bank bought a new stake in Federal Realty Investment Trust during the second quarter worth about $199,000. Finally, Veritable L.P. bought a new stake in Federal Realty Investment Trust during the second quarter worth about $203,000. 89.52% of the stock is owned by institutional investors.

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

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 141.80 on Wednesday. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 38.56 and a beta of 0.36. Federal Realty Investment Trust has a one year low of $134.39 and a one year high of $171.08. The company has a 50-day moving average of $142.58 and a 200 day moving average of $154.85.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.01. Federal Realty Investment Trust had a return on equity of 10.87% and a net margin of 32.89%. The business had revenue of $201.20 million for the quarter, compared to analyst estimates of $200.07 million. During the same period in the prior year, the company earned $1.36 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Federal Realty Investment Trust will post $5.60 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on FRT. Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. RBC Capital Markets reissued an “underperform” rating and issued a $140.00 price target (up previously from $130.00) on shares of Federal Realty Investment Trust in a research note on Wednesday, August 10th. Jefferies Group reissued a “hold” rating and issued a $173.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, August 5th. Credit Suisse Group AG cut shares of Federal Realty Investment Trust from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $168.00 to $170.00 in a research note on Friday, August 5th. Finally, Canaccord Genuity lifted their price target on shares of Federal Realty Investment Trust from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $160.80.

About Federal Realty Investment Trust

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.

5 Day Chart for NYSE:FRT

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