Oppenheimer & Co. Inc. boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,920 shares of the real estate investment trust’s stock after buying an additional 156 shares during the period. Oppenheimer & Co. Inc.’s holdings in Federal Realty Investment Trust were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC acquired a new position in Federal Realty Investment Trust during the first quarter valued at $126,000. Global X Management Co. LLC raised its position in Federal Realty Investment Trust by 30.6% during 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 during the period. Pacer Advisors Inc. raised its position in Federal Realty Investment Trust by 3.6% during 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 during the period. GW Henssler & Associates Ltd. acquired a new position in Federal Realty Investment Trust during the second quarter valued at $226,000. Finally, Two Sigma Securities LLC acquired a new position in Federal Realty Investment Trust during the first quarter valued at $265,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust (FRT) opened at 124.63 on Thursday. The firm has a 50-day moving average price of $129.37 and a 200 day moving average price of $129.60. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 36.09 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.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $208.33 million. During the same quarter last year, the business posted $1.42 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Federal Realty Investment Trust will post $3.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a $1.00 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 annualized dividend and a dividend yield of 3.21%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 113.62%.

FRT has been the topic of several recent analyst reports. Citigroup Inc. reissued a “buy” rating and set a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Buy” and an average target price of $140.25.

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In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of Federal Realty Investment Trust stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction dated 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. Insiders sold a total of 57,495 shares of company stock worth $7,538,395 in the last three months. Company insiders own 1.10% of the company’s stock.

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.

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

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