Janney Montgomery Scott LLC boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 159.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 26,379 shares of the real estate investment trust’s stock after purchasing an additional 16,216 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Federal Realty Investment Trust were worth $2,248,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bartlett & Co. LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $34,000. Capital Square LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $39,000. CWM Advisors LLC purchased a new position in Federal Realty Investment Trust during the 1st quarter valued at about $53,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Federal Realty Investment Trust by 93.5% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 828 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 400 shares in the last quarter. Finally, Ellis Investment Partners LLC purchased a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.
Several research firms have weighed in on FRT. BMO Capital Markets began coverage on Federal Realty Investment Trust in a research note on Tuesday, July 21st. They set a “hold” rating and a $89.00 target price on the stock. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Evercore ISI cut Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $73.00 price target for the company. in a research note on Monday, April 20th. Deutsche Bank lowered their price target on Federal Realty Investment Trust from $97.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $105.50.
Shares of Federal Realty Investment Trust stock opened at $76.30 on Friday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 16.92, a PEG ratio of 6.32 and a beta of 0.92. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 1.84. The stock has a 50 day moving average price of $82.12 and a two-hundred day moving average price of $94.18. Federal Realty Investment Trust has a 12-month low of $64.11 and a 12-month high of $141.35.
Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.83). Federal Realty Investment Trust had a return on equity of 14.40% and a net margin of 37.27%. The company had revenue of $231.56 million for the quarter, compared to the consensus estimate of $229.66 million. During the same period in the previous year, the company earned $1.56 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Federal Realty Investment Trust will post 5.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd were issued a dividend of $1.05 per share. The ex-dividend date was Friday, June 19th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.50%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 66.35%.
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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