Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Federal Realty Investment Trust (NYSE:FRT)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,567 shares of the real estate investment trust’s stock after acquiring an additional 132 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Federal Realty Investment Trust were worth $1,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Federal Realty Investment Trust by 9.1% in the second quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 145 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Federal Realty Investment Trust by 2.5% in the second quarter. Utah Retirement Systems now owns 15,565 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 379 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Federal Realty Investment Trust by 29.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,973 shares of the real estate investment trust’s stock worth $2,524,000 after buying an additional 4,548 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Federal Realty Investment Trust by 3.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 60,000 shares of the real estate investment trust’s stock worth $7,583,000 after buying an additional 2,000 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Federal Realty Investment Trust by 18.2% during the second quarter. American Century Companies Inc. now owns 169,134 shares of the real estate investment trust’s stock worth $21,377,000 after buying an additional 26,027 shares during the last quarter. Institutional investors own 93.94% of the company’s stock.

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Shares of Federal Realty Investment Trust (NYSE FRT) opened at 130.68 on Friday. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 37.85 and a beta of 0.30. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $160.15. The company has a 50 day moving average of $129.87 and a 200-day moving average of $129.97.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share 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 firm had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $208.33 million. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Federal Realty Investment Trust will post $3.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.05%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

Several equities research analysts have recently issued reports on FRT shares. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $140.00 to $146.00 in a research report on Friday, July 21st. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Citigroup Inc. reiterated a “buy” rating and issued a $156.00 target price (down previously from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. Finally, Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $141.00.

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 21,342 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The disclosure for this sale can be found here. Insiders sold a total of 57,495 shares of company stock valued at $7,538,395 over the last three months. 1.10% of the stock is currently owned by insiders.

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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