Amalgamated Bank Has $1.12 Million Position in Federal Realty Investment Trust (FRT)

Amalgamated Bank boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,680 shares of the real estate investment trust’s stock after acquiring an additional 451 shares during the quarter. Amalgamated Bank’s holdings in Federal Realty Investment Trust were worth $1,124,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Northern Trust Corp raised its holdings in Federal Realty Investment Trust by 2.8% in the first quarter. Northern Trust Corp now owns 1,246,068 shares of the real estate investment trust’s stock valued at $144,681,000 after acquiring an additional 34,273 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Federal Realty Investment Trust by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,096,500 shares of the real estate investment trust’s stock worth $127,316,000 after purchasing an additional 41,923 shares in the last quarter. Brookfield Asset Management Inc. raised its holdings in Federal Realty Investment Trust by 11.6% during the first quarter. Brookfield Asset Management Inc. now owns 974,055 shares of the real estate investment trust’s stock worth $113,098,000 after purchasing an additional 101,300 shares in the last quarter. Geode Capital Management LLC raised its holdings in Federal Realty Investment Trust by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 907,209 shares of the real estate investment trust’s stock worth $120,265,000 after purchasing an additional 38,015 shares in the last quarter. Finally, Resolution Capital Ltd raised its holdings in Federal Realty Investment Trust by 35.0% during the first quarter. Resolution Capital Ltd now owns 841,682 shares of the real estate investment trust’s stock worth $97,728,000 after purchasing an additional 218,154 shares in the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust opened at $126.17 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $9.15 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 3.37 and a beta of 0.27. Federal Realty Investment Trust has a 12-month low of $106.41 and a 12-month high of $135.59.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 2nd. The real estate investment trust reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.02. The business had revenue of $225.40 million for the quarter, compared to analyst estimates of $222.80 million. Federal Realty Investment Trust had a net margin of 33.70% and a return on equity of 12.70%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. analysts anticipate that Federal Realty Investment Trust will post 6.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 22nd will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, June 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.17%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 67.68%.

FRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Monday, March 19th. Deutsche Bank cut their price objective on shares of Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, March 19th. SunTrust Banks reissued a “hold” rating and set a $123.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, April 3rd. ValuEngine cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. Finally, BMO Capital Markets reissued a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Federal Realty Investment Trust has a consensus rating of “Buy” and a consensus target price of $136.57.

In other news, insider Donald C. Wood sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $119.06, for a total transaction of $2,381,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 56,625 shares of company stock worth $6,796,976. Insiders own 1.10% of the company’s stock.

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, our 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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