OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 60.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,411 shares of the real estate investment trust’s stock after buying an additional 911 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Federal Realty Investment Trust were worth $322,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Alexandria Capital LLC increased its stake in shares of Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 16 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 292 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 4 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $214,000. Institutional investors and hedge funds own 92.38% of the company’s stock.

Shares of Federal Realty Investment Trust (FRT) traded up 2.92% during trading on Monday, reaching $128.70. The company’s stock had a trading volume of 106,149 shares. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $171.08. The stock has a market cap of $9.30 billion, a P/E ratio of 40.42 and a beta of 0.32. The stock’s 50-day moving average is $126.54 and its 200-day moving average is $134.95.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.02. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The firm had revenue of $207.39 million during the quarter, compared to analyst estimates of $205.96 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post $3.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 20th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 123.27%.

TRADEMARK VIOLATION NOTICE: “OLD Mutual Customised Solutions Proprietary Ltd. Boosts Stake in Federal Realty Investment Trust (FRT)” was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/06/26/old-mutual-customised-solutions-proprietary-ltd-boosts-stake-in-federal-realty-investment-trust-frt.html.

FRT has been the subject of several recent analyst reports. Citigroup Inc. restated a “buy” rating and set a $156.00 price objective (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Sandler O’Neill upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, March 13th. BidaskClub upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Deutsche Bank AG upped their price objective on Federal Realty Investment Trust from $139.00 to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of “Hold” and an average price target of $159.63.

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.

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.