Parametric Portfolio Associates LLC Has $13.54 Million Stake in Federal Realty Investment Trust (FRT)

Parametric Portfolio Associates LLC reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,108 shares of the real estate investment trust’s stock after selling 25,528 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.15% of Federal Realty Investment Trust worth $13,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FRT. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $126,000. Global X Management Co. LLC boosted its stake in Federal Realty Investment Trust by 30.6% in the 1st quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 292 shares in the last quarter. Advisor Group Inc. boosted its stake in Federal Realty Investment Trust by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 297 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Federal Realty Investment Trust by 3.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new stake in Federal Realty Investment Trust in the 2nd quarter valued at $226,000. 93.41% of the stock is currently owned by institutional investors.

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In related news, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at $19,087,856.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald C. Wood sold 21,342 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $130.86, for a total transaction of $2,792,814.12. The disclosure for this sale can be found here. Insiders have sold 57,495 shares of company stock valued at $7,538,395 in the last ninety days. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust (NYSE FRT) opened at 129.63 on Wednesday. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $149.01. The company’s 50-day moving average price is $126.74 and its 200 day moving average price is $128.70. The firm has a market capitalization of $9.37 billion, a PE ratio of 37.54 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The business had revenue of $208.00 million during the quarter, compared to analyst estimates of $208.33 million. During the same period last year, the business posted $1.42 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Federal Realty Investment Trust will post $3.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were paid a dividend of $1.00 per share. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date was Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.09%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 115.94%.

FRT has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They issued an “outperform” rating and a $145.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective for the company. in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $140.25.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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

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