Green Street Investors LLC Buys Shares of 35,000 Federal Realty Investment Trust (NYSE:FRT)

Green Street Investors LLC bought a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,000 shares of the real estate investment trust’s stock, valued at approximately $4,765,000. Federal Realty Investment Trust comprises approximately 2.8% of Green Street Investors LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Federal Realty Investment Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 11,812,062 shares of the real estate investment trust’s stock valued at $1,520,921,000 after purchasing an additional 113,923 shares during the last quarter. Invesco Ltd. grew its holdings in Federal Realty Investment Trust by 2.2% in the second quarter. Invesco Ltd. now owns 2,426,225 shares of the real estate investment trust’s stock valued at $312,401,000 after purchasing an additional 53,274 shares during the last quarter. PGGM Investments grew its holdings in Federal Realty Investment Trust by 47.9% in the second quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock valued at $245,592,000 after purchasing an additional 617,362 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Federal Realty Investment Trust by 94.8% in the second quarter. Nuveen Asset Management LLC now owns 1,311,496 shares of the real estate investment trust’s stock valued at $168,869,000 after purchasing an additional 638,193 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Federal Realty Investment Trust by 2.1% in the second quarter. Northern Trust Corp now owns 1,292,983 shares of the real estate investment trust’s stock valued at $166,484,000 after purchasing an additional 27,118 shares during the last quarter. 89.16% of the stock is currently owned by institutional investors.

Several analysts have weighed in on FRT shares. Deutsche Bank raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $134.00 to $141.00 in a report on Thursday, September 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Sandler O’Neill lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $150.00 to $145.00 in a research note on Friday, November 1st. They noted that the move was a valuation call. Zacks Investment Research lowered Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price objective on the stock. in a research note on Tuesday, October 22nd. Finally, Compass Point initiated coverage on Federal Realty Investment Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $142.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $144.00.

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Shares of FRT traded down $0.60 during trading hours on Friday, reaching $131.48. 189,050 shares of the company traded hands, compared to its average volume of 413,016. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $9.97 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.43. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $141.35. The stock has a fifty day simple moving average of $136.23 and a 200 day simple moving average of $132.63.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.75). The company had revenue of $233.90 million for the quarter, compared to analyst estimates of $231.88 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.09%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. Research analysts predict that Federal Realty Investment Trust will post 6.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.20 annualized dividend and a yield of 3.19%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 67.42%.

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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