Bank of New York Mellon Corp Raises Holdings in Federal Realty Investment Trust (FRT)

Bank of New York Mellon Corp grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 696,759 shares of the real estate investment trust’s stock after purchasing an additional 5,812 shares during the quarter. Bank of New York Mellon Corp owned about 0.95% of Federal Realty Investment Trust worth $88,175,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FRT. Dimensional Fund Advisors LP boosted its position in shares of Federal Realty Investment Trust by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,110,552 shares of the real estate investment trust’s stock valued at $140,540,000 after acquiring an additional 14,052 shares during the period. Resolution Capital Ltd boosted its position in shares of Federal Realty Investment Trust by 30.1% in the second quarter. Resolution Capital Ltd now owns 1,095,092 shares of the real estate investment trust’s stock valued at $138,584,000 after acquiring an additional 253,410 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Federal Realty Investment Trust by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 832,656 shares of the real estate investment trust’s stock valued at $105,373,000 after acquiring an additional 45,206 shares during the period. Heitman Real Estate Securities LLC boosted its position in shares of Federal Realty Investment Trust by 8.0% in the second quarter. Heitman Real Estate Securities LLC now owns 548,758 shares of the real estate investment trust’s stock valued at $74,939,000 after acquiring an additional 40,830 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Federal Realty Investment Trust by 68.1% in the second quarter. Millennium Management LLC now owns 496,117 shares of the real estate investment trust’s stock valued at $62,784,000 after acquiring an additional 200,949 shares during the period. Hedge funds and other institutional investors own 91.96% of the company’s stock.

A number of equities analysts have recently commented on FRT shares. Bank of America raised their price objective on shares of Federal Realty Investment Trust from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Citigroup raised their price objective on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Deutsche Bank raised their price objective on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, August 28th. Scotiabank started coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 16th. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $136.67.

Shares of FRT opened at $128.66 on Friday. The company has a market capitalization of $9.24 billion, a P/E ratio of 21.77, a P/E/G ratio of 3.36 and a beta of 0.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.43. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.73). The company had revenue of $229.75 million during the quarter, compared to analysts’ expectations of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 earnings per share. On average, analysts anticipate that Federal Realty Investment Trust will post 6.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a $1.02 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Monday, December 31st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 69.04%.

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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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