Federal Realty Investment Trust (FRT) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,733 shares of the real estate investment trust’s stock after selling 2,989 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.09% of Federal Realty Investment Trust worth $7,934,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its position in Federal Realty Investment Trust by 0.8% during the second quarter. CIBC Asset Management Inc now owns 50,801 shares of the real estate investment trust’s stock worth $6,429,000 after purchasing an additional 427 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Federal Realty Investment Trust by 6.6% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 10,909 shares of the real estate investment trust’s stock worth $1,381,000 after purchasing an additional 675 shares during the period. IFM Investors Pty Ltd boosted its position in Federal Realty Investment Trust by 34.2% during the third quarter. IFM Investors Pty Ltd now owns 2,778 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 708 shares during the period. WINTON GROUP Ltd boosted its position in Federal Realty Investment Trust by 29.7% during the first quarter. WINTON GROUP Ltd now owns 3,541 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 811 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Federal Realty Investment Trust by 7.7% during the second quarter. Commonwealth Equity Services LLC now owns 13,306 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 951 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

FRT opened at $124.29 on Friday. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $134.52. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $9.33 billion, a PE ratio of 21.03, a PEG ratio of 3.42 and a beta of 0.17.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The firm had revenue of $229.75 million for the quarter, compared to analyst estimates of $228.71 million. During the same period in the prior year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Federal Realty Investment Trust will post 6.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 69.04%.

A number of equities analysts have commented on the stock. BMO Capital Markets set a $135.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Federal Realty Investment Trust from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Scotiabank assumed coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $128.00 target price on shares of Federal Realty Investment Trust in a report on Wednesday, August 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $137.00.

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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