Tredje AP fonden lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 36.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,990 shares of the real estate investment trust’s stock after selling 2,837 shares during the quarter. Tredje AP fonden’s holdings in Federal Realty Investment Trust were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FRT. BlackRock Inc. raised its stake in shares of Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock worth $1,054,525,000 after buying an additional 7,568,695 shares during the period. JPMorgan Chase & Co. raised its stake in Federal Realty Investment Trust by 173.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after purchasing an additional 1,489,133 shares during the period. APG Asset Management US Inc. bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at approximately $104,847,000. Brookfield Asset Management Inc. bought a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $101,874,000. Finally, Daiwa Securities Group Inc. raised its stake in Federal Realty Investment Trust by 44.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock valued at $278,244,000 after purchasing an additional 677,382 shares during the period. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. Boenning Scattergood set a $140.00 target price on 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 set a $136.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub raised 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 Federal Realty Investment Trust in a research note on Monday. They set an “outperform” rating and a $145.00 target price on the stock. Finally, Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $141.00.

In related news, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total value of $303,487.05. Following the completion of the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Donald C. Wood sold 2,772 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total value of $368,842.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,495 shares of company stock valued at $7,538,395. Insiders own 1.10% of the company’s stock.

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Shares of Federal Realty Investment Trust (NYSE FRT) opened at 131.00 on Friday. The company has a market cap of $9.47 billion, a P/E ratio of 37.94 and a beta of 0.30. The firm has a 50-day moving average price of $129.87 and a 200-day moving average price of $129.97. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $160.15.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 113.62%.

About Federal Realty Investment Trust

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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