Los Angeles Capital Management & Equity Research Inc. Has $9.28 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,334 shares of the real estate investment trust’s stock after selling 8,800 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.09% of Federal Realty Investment Trust worth $9,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Federal Realty Investment Trust by 2.1% in the fourth quarter. BlackRock Inc. now owns 8,090,383 shares of the real estate investment trust’s stock valued at $954,987,000 after buying an additional 162,586 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock valued at $651,475,000 after buying an additional 787,694 shares in the last quarter. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $530,291,000. Northern Trust Corp boosted its stake in shares of Federal Realty Investment Trust by 4.1% in the fourth quarter. Northern Trust Corp now owns 1,237,988 shares of the real estate investment trust’s stock valued at $146,133,000 after buying an additional 48,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 1,222,569 shares of the real estate investment trust’s stock valued at $144,110,000 after buying an additional 103,768 shares in the last quarter. 94.55% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on FRT shares. Citigroup lifted their price target on Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 25th. Deutsche Bank lifted their price target on Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. BMO Capital Markets restated a “buy” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th. Finally, Mizuho downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Thursday, March 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Federal Realty Investment Trust presently has an average rating of “Buy” and an average price target of $139.70.

FRT stock traded up $0.31 during midday trading on Wednesday, hitting $132.12. 619,000 shares of the stock were exchanged, compared to its average volume of 403,226. The stock has a market cap of $9.85 billion, a PE ratio of 21.21, a P/E/G ratio of 4.19 and a beta of 0.49. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $139.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.01. The firm had revenue of $232.23 million during the quarter, compared to analysts’ expectations of $235.09 million. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. Federal Realty Investment Trust’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, equities research analysts predict that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a $1.02 dividend. The ex-dividend date is Thursday, June 20th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.09%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 65.49%.

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Federal Realty Investment Trust Profile

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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