Spirit of America Management Corp NY Sells 1,500 Shares of Federal Realty Investment Trust (NYSE:FRT)

Spirit of America Management Corp NY trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,925 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Spirit of America Management Corp NY’s holdings in Federal Realty Investment Trust were worth $1,351,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in FRT. First Trust Advisors LP increased its position in Federal Realty Investment Trust by 21.1% during the first quarter. First Trust Advisors LP now owns 263,312 shares of the real estate investment trust’s stock worth $36,298,000 after acquiring an additional 45,849 shares during the period. Cleararc Capital Inc. bought a new position in Federal Realty Investment Trust during the first quarter worth about $250,000. FMR LLC increased its position in Federal Realty Investment Trust by 4.3% during the first quarter. FMR LLC now owns 86,993 shares of the real estate investment trust’s stock worth $11,992,000 after acquiring an additional 3,557 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Federal Realty Investment Trust by 75.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,649 shares of the real estate investment trust’s stock worth $25,867,000 after acquiring an additional 80,962 shares during the period. Finally, Cox Capital Mgt LLC increased its position in Federal Realty Investment Trust by 3.6% during the second quarter. Cox Capital Mgt LLC now owns 11,104 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 390 shares during the period. 88.51% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on FRT. Compass Point began coverage on shares of Federal Realty Investment Trust in a research report on Thursday, August 15th. They set a “buy” rating and a $142.00 price target on the stock. Mizuho raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price target on the stock in a research report on Friday, September 13th. DA Davidson lowered shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. Deutsche Bank raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $134.00 to $141.00 in a research report on Thursday, September 5th. Finally, BMO Capital Markets reiterated 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. 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 an average rating of “Buy” and a consensus price target of $142.88.

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Federal Realty Investment Trust stock traded down $0.13 during trading hours on Wednesday, reaching $136.34. 7,333 shares of the stock were exchanged, compared to its average volume of 467,880. The company has a market cap of $10.21 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 4.41 and a beta of 0.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a twelve month low of $115.09 and a twelve month high of $139.29. The stock has a 50 day moving average of $134.12 and a two-hundred day moving average of $132.60.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $229.73 million for the quarter, compared to the consensus estimate of $232.00 million. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 earnings per share. On average, analysts expect that Federal Realty Investment Trust will post 6.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 23rd were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.08%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Friday, September 20th. Federal Realty Investment Trust’s dividend payout ratio is presently 67.42%.

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.

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

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