Citigroup Inc. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 46.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,806 shares of the real estate investment trust’s stock after purchasing an additional 41,593 shares during the quarter. Citigroup Inc. owned approximately 0.18% of Federal Realty Investment Trust worth $16,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Menta Capital LLC acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $1,648,000. Lazard Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Lazard Asset Management LLC now owns 13,366 shares of the real estate investment trust’s stock worth $1,689,000 after purchasing an additional 100 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Federal Realty Investment Trust by 2.3% during the 2nd quarter. New York State Common Retirement Fund now owns 158,300 shares of the real estate investment trust’s stock worth $20,008,000 after purchasing an additional 3,499 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Federal Realty Investment Trust by 6.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 34,025 shares of the real estate investment trust’s stock worth $4,300,000 after purchasing an additional 1,970 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 7.9% during the 2nd quarter. ProShare Advisors LLC now owns 455,477 shares of the real estate investment trust’s stock worth $57,568,000 after purchasing an additional 33,371 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors.

Shares of Federal Realty Investment Trust (FRT) traded down 0.37% during mid-day trading on Wednesday, reaching $124.92. The company had a trading volume of 97,441 shares. The stock has a market capitalization of $9.03 billion, a P/E ratio of 36.18 and a beta of 0.30. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $160.15. The firm’s 50 day moving average is $129.37 and its 200-day moving average is $129.60.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $208.33 million. During the same quarter last year, the company earned $1.42 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Federal Realty Investment Trust will post $3.31 earnings per share for the current fiscal year.

The business 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 represents a $4.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, September 21st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 113.62%.

Several brokerages have recently weighed in on FRT. BMO Capital Markets began coverage on Federal Realty Investment Trust in a report on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective on the stock. Evercore ISI lowered Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective on the stock. in a report on Monday, August 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $140.25.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 2,772 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dawn M. Becker sold 2,281 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 123,744 shares in the company, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,495 shares of company stock worth $7,538,395. Corporate insiders own 1.10% of the company’s stock.

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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.

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

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