Federal Realty Investment Trust (FRT) Holdings Reduced by Mitsubishi UFJ Trust & Banking Corp

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Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 59.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,414 shares of the real estate investment trust’s stock after selling 92,172 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Federal Realty Investment Trust worth $7,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Federal Realty Investment Trust by 181.3% during the third quarter. IFP Advisors Inc now owns 889 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 573 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $128,000. First Hawaiian Bank bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $139,000. JNBA Financial Advisors bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $176,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Shares of NYSE:FRT opened at $134.02 on Friday. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $135.68. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 3.75 and a beta of 0.20. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.43.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.04%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, December 31st. Federal Realty Investment Trust’s dividend payout ratio is 69.04%.

A number of analysts have recently issued reports on FRT shares. Bank of America boosted their price objective on Federal Realty Investment Trust from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Citigroup boosted their price objective on Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Scotiabank initiated coverage on Federal Realty Investment Trust in a research report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Deutsche Bank upped their price target on Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, August 28th. Finally, ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $137.38.

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

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About Federal Realty Investment Trust

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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