Northwestern Mutual Investment Management Company LLC Boosts Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Northwestern Mutual Investment Management Company LLC lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,301 shares of the real estate investment trust’s stock after buying an additional 184 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Federal Realty Investment Trust were worth $1,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FRT. Quadrant Capital Group LLC increased its holdings in Federal Realty Investment Trust by 694.1% during the first quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 236 shares during the last quarter. Clarus Wealth Advisors increased its holdings in Federal Realty Investment Trust by 19.4% during the fourth quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 106 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Federal Realty Investment Trust during the first quarter valued at approximately $100,000. Signature Estate & Investment Advisors LLC purchased a new stake in Federal Realty Investment Trust during the first quarter valued at approximately $106,000. Finally, Enlightenment Research LLC purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

FRT has been the subject of a number of research reports. Deutsche Bank upped their target price on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Mizuho cut shares of 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 note on Thursday, March 7th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Tuesday, May 28th. Finally, Capital One Financial raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $139.50.

FRT stock traded down $4.81 during trading on Wednesday, hitting $126.50. 761,600 shares of the company’s stock traded hands, compared to its average volume of 421,050. Federal Realty Investment Trust has a 52 week low of $115.09 and a 52 week high of $139.29. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a fifty day simple moving average of $131.55. The firm has a market capitalization of $9.74 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 4.12 and a beta of 0.48.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The business had revenue of $232.23 million during the quarter, compared to analyst estimates of $235.09 million. During the same quarter last year, the business earned $1.52 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts expect that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, June 20th. This represents a $4.08 annualized dividend and a yield of 3.23%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 65.49%.

Federal Realty Investment Trust Company 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.

Further Reading: Fundamental Analysis – How It Helps Investors

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

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