Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Teachers Advisors LLC

Teachers Advisors LLC decreased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 476,379 shares of the real estate investment trust’s stock after selling 54,823 shares during the quarter. Teachers Advisors LLC owned about 0.66% of Federal Realty Investment Trust worth $63,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its position in Federal Realty Investment Trust by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock worth $420,257,000 after acquiring an additional 1,030,604 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Federal Realty Investment Trust by 57.0% during the third quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after buying an additional 417,339 shares during the period. Renaissance Technologies LLC boosted its position in Federal Realty Investment Trust by 1,891.5% during the fourth quarter. Renaissance Technologies LLC now owns 233,000 shares of the real estate investment trust’s stock valued at $30,945,000 after buying an additional 221,300 shares during the period. APG Asset Management US Inc. raised its stake in shares of Federal Realty Investment Trust by 16.1% during the fourth quarter. APG Asset Management US Inc. now owns 963,500 shares of the real estate investment trust’s stock valued at $127,962,000 after acquiring an additional 133,947 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Federal Realty Investment Trust by 1.6% during the fourth quarter. BlackRock Inc. now owns 7,899,850 shares of the real estate investment trust’s stock valued at $1,049,178,000 after acquiring an additional 126,701 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently commented on FRT shares. BMO Capital Markets reaffirmed a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, January 9th. Wells Fargo cut their price target on shares of Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. Jefferies Group set a $133.00 price target on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a report on Tuesday, February 13th. Stifel Nicolaus restated a “buy” rating and issued a $130.00 target price (down previously from $144.00) on shares of Federal Realty Investment Trust in a report on Wednesday, February 14th. Finally, TheStreet downgraded shares of Federal Realty Investment Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and a consensus price target of $135.00.

In related news, insider Donald C. Wood sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total transaction of $3,532,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust stock traded down $2.50 during trading hours on Friday, hitting $115.78. The company had a trading volume of 334,433 shares, compared to its average volume of 471,398. Federal Realty Investment Trust has a 1 year low of $106.41 and a 1 year high of $138.12. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $8,474.29, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.25.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, beating the consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million during the quarter, compared to analyst estimates of $218.68 million. Federal Realty Investment Trust had a net margin of 33.81% and a return on equity of 12.68%. During the same quarter in the previous year, the business posted $0.80 EPS. research analysts expect that Federal Realty Investment Trust will post 6.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, March 13th. This represents a $4.00 annualized dividend and a dividend yield of 3.45%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 67.68%.

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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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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