Federal Realty Investment Trust (FRT) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 39.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,677 shares of the real estate investment trust’s stock after selling 1,710 shares during the quarter. Bridgewater Associates LP’s holdings in Federal Realty Investment Trust were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FRT. JPMorgan Chase & Co. boosted its holdings in Federal Realty Investment Trust by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock valued at $651,475,000 after acquiring an additional 787,694 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Federal Realty Investment Trust by 434.3% in the second quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock valued at $33,538,000 after acquiring an additional 215,419 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 last quarter. Canada Pension Plan Investment Board boosted its holdings in Federal Realty Investment Trust by 103.5% in the third quarter. Canada Pension Plan Investment Board now owns 229,127 shares of the real estate investment trust’s stock valued at $28,978,000 after acquiring an additional 116,534 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Federal Realty Investment Trust by 176.9% in the third quarter. Bank of Montreal Can now owns 109,058 shares of the real estate investment trust’s stock valued at $13,792,000 after acquiring an additional 69,675 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

A number of research analysts have commented on FRT shares. Citigroup boosted their price objective on Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Deutsche Bank boosted their price objective on Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, August 28th. ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Zacks Investment Research cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, Wells Fargo & Co boosted their price objective on Federal Realty Investment Trust from $144.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Federal Realty Investment Trust has an average rating of “Buy” and an average price target of $137.38.

In other news, insider Donald C. Wood sold 12,210 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $132.43, for a total transaction of $1,616,970.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

FRT opened at $135.55 on Friday. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.63 and a beta of 0.20. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $135.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.21 and a quick ratio of 1.21.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). Federal Realty Investment Trust had a return on equity of 10.65% and a net margin of 26.33%. The business had revenue of $229.75 million during the quarter, compared to the consensus estimate of $228.71 million. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Federal Realty Investment Trust will post 6.21 EPS for the current fiscal year.

The company also recently disclosed 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. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, December 31st. This represents a $4.08 annualized dividend and a dividend yield of 3.01%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 69.04%.

TRADEMARK VIOLATION NOTICE: “Federal Realty Investment Trust (FRT) Shares Sold by Bridgewater Associates LP” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/07/federal-realty-investment-trust-frt-shares-sold-by-bridgewater-associates-lp.html.

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.

Featured Story: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply