Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Janus Henderson Group PLC

Share on StockTwits

Janus Henderson Group PLC decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 82.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,137 shares of the real estate investment trust’s stock after selling 87,518 shares during the period. Janus Henderson Group PLC’s holdings in Federal Realty Investment Trust were worth $2,422,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FRT. Chevy Chase Trust Holdings Inc. bought a new position in shares of Federal Realty Investment Trust in the second quarter worth $8,317,000. Centersquare Investment Management LLC boosted its stake 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 buying an additional 215,419 shares in the last quarter. Toronto Dominion Bank boosted its stake in Federal Realty Investment Trust by 19.4% in the second quarter. Toronto Dominion Bank now owns 47,068 shares of the real estate investment trust’s stock valued at $5,954,000 after buying an additional 7,658 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Federal Realty Investment Trust by 4.7% in the first quarter. Hsbc Holdings PLC now owns 332,318 shares of the real estate investment trust’s stock valued at $38,586,000 after buying an additional 15,048 shares in the last quarter. Finally, American Assets Capital Advisers LLC acquired a new stake in Federal Realty Investment Trust in the second quarter valued at about $202,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Several research firms recently weighed in on FRT. Citigroup raised their price objective on Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Deutsche Bank raised their price objective on Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, August 28th. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Jefferies Financial Group reissued a “hold” rating and set a $128.00 price target on shares of Federal Realty Investment Trust in a research note on Wednesday, August 15th. Finally, SunTrust Banks raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, June 25th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Federal Realty Investment Trust currently has a consensus rating of “Buy” and a consensus target price of $137.54.

FRT stock traded down $0.81 during mid-day trading on Friday, reaching $118.40. The company’s stock had a trading volume of 698,782 shares, compared to its average volume of 450,779. The company has a market cap of $9.29 billion, a P/E ratio of 20.03, a PEG ratio of 3.40 and a beta of 0.17. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.32 and a current ratio of 1.32. Federal Realty Investment Trust has a 12 month low of $106.41 and a 12 month high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.02. The business had revenue of $224.90 million during the quarter, compared to the consensus estimate of $223.56 million. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. On average, research analysts predict that Federal Realty Investment Trust will post 6.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 21st will be issued 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 3.45%. The ex-dividend date of this dividend is Thursday, September 20th. Federal Realty Investment Trust’s payout ratio is presently 69.04%.

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 Article: Should you buy a closed-end mutual fund?

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