Unigestion Holding SA Cuts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

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Unigestion Holding SA lowered its holdings in Federal Realty Investment Trust (NYSE:FRT) by 21.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,500 shares of the real estate investment trust’s stock after selling 400 shares during the period. Unigestion Holding SA’s holdings in Federal Realty Investment Trust were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Mackay Shields LLC boosted its position in Federal Realty Investment Trust by 19.4% in the third quarter. Mackay Shields LLC now owns 13,502 shares of the real estate investment trust’s stock worth $1,838,000 after purchasing an additional 2,191 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of Federal Realty Investment Trust by 36.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 7,590 shares of the real estate investment trust’s stock valued at $1,033,000 after buying an additional 2,030 shares during the last quarter. Sandy Spring Bank lifted its position in shares of Federal Realty Investment Trust by 9.4% during the 3rd quarter. Sandy Spring Bank now owns 5,259 shares of the real estate investment trust’s stock valued at $716,000 after buying an additional 450 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Federal Realty Investment Trust by 30.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 103,057 shares of the real estate investment trust’s stock valued at $14,066,000 after buying an additional 24,256 shares during the last quarter. Finally, BB&T Corp purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at $236,000. 89.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:FRT traded down $0.60 during midday trading 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. Federal Realty Investment Trust has a 12 month low of $115.09 and a 12 month high of $141.35. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.43. The firm’s fifty day moving average price is $136.23 and its two-hundred day moving average price is $132.63.

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

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

A number of research analysts have recently commented on FRT shares. Zacks Investment Research cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price target on the stock. in a research report on Tuesday, October 22nd. Compass Point started coverage on 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 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. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $134.00 to $141.00 in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $144.00.

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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Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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

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