Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,860 shares of the real estate investment trust’s stock, valued at approximately $2,385,000.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in shares of Federal Realty Investment Trust by 181.3% in the 3rd quarter. IFP Advisors Inc now owns 889 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 573 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $128,000. First Hawaiian Bank acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $139,000. Adviser Investments LLC acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $152,000. Finally, JNBA Financial Advisors acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $176,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on FRT. Zacks Investment Research reissued a “buy” rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, November 13th. BMO Capital Markets set a $135.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Wednesday, October 31st. Stifel Nicolaus increased their target price on Federal Realty Investment Trust from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Wells Fargo & Co increased their target price on Federal Realty Investment Trust from $144.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average target price of $137.23.

NYSE FRT opened at $129.01 on Monday. The company has a market cap of $9.53 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 3.47 and a beta of 0.18. Federal Realty Investment Trust has a one year low of $106.41 and a one year high of $134.52. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.21 and a current ratio of 1.21.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). The business had revenue of $229.75 million for the quarter, compared to the consensus estimate of $228.71 million. Federal Realty Investment Trust had a return on equity of 10.65% and a net margin of 26.33%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.50 earnings per share. Analysts forecast that Federal Realty Investment Trust will post 6.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a dividend of $1.02 per share. The ex-dividend date is Monday, December 31st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a yield of 3.16%. Federal Realty Investment Trust’s dividend payout ratio is 69.04%.

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About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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