Oppenheimer Asset Management Inc. decreased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,458 shares of the real estate investment trust’s stock after selling 510 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $563,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. ING Groep NV grew its stake in shares of Federal Realty Investment Trust by 0.6% in the 2nd quarter. ING Groep NV now owns 3,699 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 22 shares during the period. Pacer Advisors Inc. grew its stake in shares of Federal Realty Investment Trust by 3.6% in the 1st 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 during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Federal Realty Investment Trust by 0.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,490 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 70 shares during the period. Trust Co. of Toledo NA OH grew its stake in shares of Federal Realty Investment Trust by 1.7% in the 1st quarter. Trust Co. of Toledo NA OH now owns 4,435 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 72 shares during the period. Finally, Tiedemann Wealth Management LLC grew its stake in shares of Federal Realty Investment Trust by 0.4% in the 1st quarter. Tiedemann Wealth Management LLC now owns 21,638 shares of the real estate investment trust’s stock valued at $2,889,000 after buying an additional 88 shares during the period. Institutional investors own 93.94% of the company’s stock.

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Federal Realty Investment Trust (FRT) opened at 131.00 on Friday. The company’s 50 day moving average is $129.87 and its 200-day moving average is $129.97. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $160.15. The stock has a market cap of $9.47 billion, a PE ratio of 37.94 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208.00 million during the quarter, compared to the consensus estimate of $208.33 million. During the same period in the previous year, the firm earned $1.42 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is currently 113.62%.

In other news, EVP Dawn M. Becker sold 21,814 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $130.91, for a total value of $2,855,670.74. Following the completion of the transaction, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dawn M. Becker sold 2,281 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the transaction, the executive vice president now owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,495 shares of company stock valued at $7,538,395. 1.10% of the stock is owned by insiders.

Several analysts have recently weighed in on the stock. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and issued a $136.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets assumed coverage on shares of Federal Realty Investment Trust in a research note on Monday. They issued an “outperform” rating and a $145.00 price target for the company. Finally, Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $146.00 in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $141.00.

Federal Realty Investment Trust 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.

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

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