DekaBank Deutsche Girozentrale Purchases 17,564 Shares of Federal Realty Investment Trust $FRT

DekaBank Deutsche Girozentrale grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 911.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,491 shares of the real estate investment trust’s stock after buying an additional 17,564 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Federal Realty Investment Trust were worth $1,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilltop National Bank bought a new position in Federal Realty Investment Trust in the second quarter worth about $28,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust in the first quarter worth about $30,000. Federated Hermes Inc. raised its stake in Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Dagco Inc. bought a new position in Federal Realty Investment Trust in the first quarter worth about $34,000. Finally, Frazier Financial Advisors LLC bought a new position in Federal Realty Investment Trust in the second quarter worth about $48,000. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.6%

NYSE:FRT opened at $101.39 on Friday. The company’s 50 day moving average price is $99.35 and its 200-day moving average price is $96.15. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 4.01 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm had revenue of $302.48 million for the quarter, compared to analysts’ expectations of $309.25 million. During the same quarter in the prior year, the company posted $1.69 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $1.13 per share. The ex-dividend date was Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. Federal Realty Investment Trust’s dividend payout ratio is currently 114.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FRT shares. Mizuho increased their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Wells Fargo & Company started coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price target for the company. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Saturday. Finally, Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $109.29.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.