Resolution Capital Ltd Has $114.98 Million Stake in Federal Realty Investment Trust (FRT)

Resolution Capital Ltd decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 27.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 834,125 shares of the real estate investment trust’s stock after selling 318,452 shares during the period. Federal Realty Investment Trust accounts for about 3.7% of Resolution Capital Ltd’s holdings, making the stock its 11th largest position. Resolution Capital Ltd owned about 1.12% of Federal Realty Investment Trust worth $114,984,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FRT. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $530,291,000. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock worth $651,475,000 after buying an additional 787,694 shares during the period. American Century Companies Inc. bought a new position in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $22,407,000. BlackRock Inc. lifted its position in shares of Federal Realty Investment Trust by 2.1% during the 4th quarter. BlackRock Inc. now owns 8,090,383 shares of the real estate investment trust’s stock worth $954,987,000 after buying an additional 162,586 shares during the period. Finally, Commonwealth Bank of Australia lifted its position in shares of Federal Realty Investment Trust by 118,273.0% during the 4th quarter. Commonwealth Bank of Australia now owns 118,373 shares of the real estate investment trust’s stock worth $14,186,000 after buying an additional 118,273 shares during the period. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of FRT stock traded down $1.14 on Wednesday, reaching $131.35. 10,612 shares of the stock were exchanged, compared to its average volume of 321,569. The company has a market cap of $9.84 billion, a P/E ratio of 21.04, a PEG ratio of 4.23 and a beta of 0.52. Federal Realty Investment Trust has a one year low of $110.66 and a one year high of $139.29. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.40.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.86). Federal Realty Investment Trust had a return on equity of 10.73% and a net margin of 26.42%. The company had revenue of $235.38 million for the quarter, compared to analyst estimates of $235.70 million. During the same period last year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 6.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 14th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.11%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 65.49%.

Several equities analysts have issued reports on FRT shares. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price objective on shares of Federal Realty Investment Trust in a research report on Thursday, February 14th. Mizuho downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Thursday, March 7th. Zacks Investment Research downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, Citigroup lifted their price objective on Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $139.82.

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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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