Horizon Investments LLC Purchases New Stake in Federal Realty Investment Trust (NYSE:FRT)

Horizon Investments LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT) during the first quarter, HoldingsChannel.com reports. The fund purchased 24,289 shares of the real estate investment trust’s stock, valued at approximately $3,348,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FRT. Zions Bancorporation N.A. bought a new position in shares of Federal Realty Investment Trust during the first quarter worth $25,000. Quadrant Capital Group LLC lifted its position in Federal Realty Investment Trust by 694.1% in the 1st quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 236 shares in the last quarter. Enlightenment Research LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at $94,000. Pearl River Capital LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at $100,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Federal Realty Investment Trust in the 1st quarter valued at $100,000. 89.53% of the stock is currently owned by institutional investors.

FRT stock traded up $1.31 during midday trading on Monday, hitting $134.45. The company’s stock had a trading volume of 2,316 shares, compared to its average volume of 483,514. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a twelve month low of $115.09 and a twelve month high of $139.29. The firm has a market capitalization of $9.97 billion, a P/E ratio of 21.61, a PEG ratio of 4.14 and a beta of 0.48.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The firm had revenue of $232.23 million for the quarter, compared to analyst estimates of $235.09 million. During the same period in the previous year, the business earned $1.52 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $4.08 annualized dividend and a yield of 3.03%. Federal Realty Investment Trust’s payout ratio is currently 65.49%.

Several research firms recently commented on FRT. Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Tuesday, May 28th. Deutsche Bank boosted their price objective on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, May 15th. Citigroup boosted their price objective on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Finally, Mizuho cut shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $140.00.

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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, 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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