Federal Realty Investment Trust $FRT Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Federal Realty Investment Trust (NYSE:FRT) by 207.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 401,428 shares of the real estate investment trust’s stock after acquiring an additional 270,835 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Federal Realty Investment Trust were worth $38,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Federal Realty Investment Trust by 1.4% in 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 acquiring an additional 17,634 shares during the last quarter. Northern Trust Corp lifted its holdings in Federal Realty Investment Trust by 3.6% in 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 acquiring an additional 44,935 shares during the last quarter. PGGM Investments lifted its holdings in Federal Realty Investment Trust by 23.7% in 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 acquiring an additional 238,679 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in 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 valued at $118,464,000 after acquiring an additional 169,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 valued at $114,370,000 after acquiring an additional 3,419 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 2.9%

Shares of FRT stock opened at $98.05 on Wednesday. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month 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 business’s 50 day moving average is $99.52 and its two-hundred day moving average is $96.32. The company has a market cap of $8.46 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 3.99 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 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 the consensus estimate of $309.25 million. During the same quarter last year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.6%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is 114.43%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FRT shares. Mizuho raised their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $105.00 price target on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, October 8th. Finally, Scotiabank increased their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.29.

Federal Realty Investment Trust 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.