Rhumbline Advisers boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,775 shares of the real estate investment trust’s stock after purchasing an additional 647 shares during the period. Rhumbline Advisers owned about 0.22% of Federal Realty Investment Trust worth $19,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FRT. Advisor Group Inc. grew its position in Federal Realty Investment Trust by 27.4% during the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 297 shares in the last quarter. Global X Management Co. LLC grew its position in Federal Realty Investment Trust by 16.0% during the second quarter. Global X Management Co. LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 199 shares in the last quarter. Advisor Partners LLC purchased a new position in Federal Realty Investment Trust during the third quarter valued at approximately $203,000. Pacer Advisors Inc. grew its position in Federal Realty Investment Trust by 9.1% during the second quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 145 shares in the last quarter. Finally, Kemper Corp Master Retirement Trust grew its position in Federal Realty Investment Trust by 1.4% during the second quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 25 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust (NYSE FRT) opened at $131.24 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $9,612.46, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 3.74 and a beta of 0.31. Federal Realty Investment Trust has a 1 year low of $119.37 and a 1 year high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The company had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. During the same period in the previous year, the firm posted $1.41 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. sell-side analysts predict that Federal Realty Investment Trust will post 5.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, December 29th. Federal Realty Investment Trust’s payout ratio is 97.56%.

In other news, EVP Dawn M. Becker sold 21,814 shares of the business’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 sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald C. Wood sold 9,286 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $131.12, for a total transaction of $1,217,580.32. The disclosure for this sale can be found here. Insiders sold 102,342 shares of company stock valued at $13,452,421 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

A number of research analysts recently commented on FRT shares. BMO Capital Markets started coverage on shares of Federal Realty Investment Trust in a research report on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective on the stock. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC lowered their price objective on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Boenning Scattergood reissued a “buy” rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, Mizuho reissued a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Federal Realty Investment Trust currently has a consensus rating of “Buy” and an average price target of $140.50.

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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.

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

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