Envestnet Asset Management Inc. Has $1.66 Million Position in Federal Realty Investment Trust (FRT)

Envestnet Asset Management Inc. lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,480 shares of the real estate investment trust’s stock after purchasing an additional 474 shares during the period. Envestnet Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FRT. Fox Run Management L.L.C. acquired a new position in Federal Realty Investment Trust during the fourth quarter worth $606,000. Wells Fargo & Company MN raised its position in Federal Realty Investment Trust by 10.6% during the third quarter. Wells Fargo & Company MN now owns 375,930 shares of the real estate investment trust’s stock worth $46,693,000 after acquiring an additional 35,932 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Federal Realty Investment Trust by 6.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,882 shares of the real estate investment trust’s stock worth $3,712,000 after acquiring an additional 1,897 shares during the period. Ameriprise Financial Inc. raised its position in Federal Realty Investment Trust by 88.0% during the third quarter. Ameriprise Financial Inc. now owns 49,944 shares of the real estate investment trust’s stock worth $6,212,000 after acquiring an additional 23,379 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Federal Realty Investment Trust by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,034,293 shares of the real estate investment trust’s stock worth $128,470,000 after acquiring an additional 17,948 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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A number of research firms have weighed in on FRT. SunTrust Banks restated a “hold” rating and set a $123.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, April 3rd. ValuEngine cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase reduced their price objective on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Monday, March 19th. Jefferies Group set a $133.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $130.00 price objective (down from $144.00) on shares of Federal Realty Investment Trust in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $135.00.

Shares of NYSE FRT opened at $115.49 on Tuesday. The stock has a market capitalization of $8,474.25, a PE ratio of 19.54, a price-to-earnings-growth ratio of 3.13 and a beta of 0.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.25. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $138.12.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $0.80 earnings per share. equities research analysts predict that Federal Realty Investment Trust will post 6.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 14th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Tuesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 67.68%.

In other news, insider Donald C. Wood sold 30,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total value of $3,532,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is owned by corporate insiders.

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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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