Allianz Asset Management GmbH Sells 59,373 Shares of Federal Realty Investment Trust $FRT

Allianz Asset Management GmbH cut its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 35.3% in the second quarter, HoldingsChannel reports. The firm owned 108,692 shares of the real estate investment trust’s stock after selling 59,373 shares during the period. Allianz Asset Management GmbH’s holdings in Federal Realty Investment Trust were worth $10,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust’s stock valued at $127,442,000 after purchasing an additional 17,634 shares in the last quarter. Northern Trust Corp raised its position in Federal Realty Investment Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock valued at $125,179,000 after purchasing an additional 44,935 shares in the last quarter. PGGM Investments raised its position in Federal Realty Investment Trust by 23.7% during the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after purchasing an additional 238,679 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of Federal Realty Investment Trust by 16.2% in the 1st quarter. Centersquare Investment Management LLC now owns 1,211,041 shares of the real estate investment trust’s stock worth $118,464,000 after acquiring an additional 169,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Federal Realty Investment Trust by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,217 shares of the real estate investment trust’s stock worth $114,370,000 after acquiring an additional 3,419 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.7%

Shares of NYSE:FRT opened at $100.26 on Wednesday. The business’s 50-day moving average is $98.93 and its 200 day moving average is $95.80. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The firm has a market capitalization of $8.65 billion, a P/E ratio of 25.38, a P/E/G ratio of 3.94 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. During the same period in the prior year, the company posted $1.69 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict 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. Shareholders of record on Wednesday, October 1st were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FRT shares. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. LADENBURG THALM/SH SH raised Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Evercore ISI reduced their price target on Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Finally, Scotiabank boosted their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.29.

About Federal Realty Investment Trust

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.