Federal Realty Investment Trust (FRT) Position Lifted by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 156.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,055 shares of the real estate investment trust’s stock after acquiring an additional 42,761 shares during the period. Sumitomo Mitsui Asset Management Company LTD owned approximately 0.10% of Federal Realty Investment Trust worth $8,701,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Honeywell International Inc. boosted its position in Federal Realty Investment Trust by 27.8% during the third quarter. Honeywell International Inc. now owns 27,275 shares of the real estate investment trust’s stock worth $3,388,000 after purchasing an additional 5,925 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Federal Realty Investment Trust by 22.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,926 shares of the real estate investment trust’s stock worth $488,000 after purchasing an additional 728 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in Federal Realty Investment Trust by 5.0% during the third quarter. Pictet Asset Management Ltd. now owns 39,600 shares of the real estate investment trust’s stock worth $4,919,000 after purchasing an additional 1,900 shares in the last quarter. Calamos Advisors LLC boosted its position in Federal Realty Investment Trust by 3.8% during the third quarter. Calamos Advisors LLC now owns 36,511 shares of the real estate investment trust’s stock worth $4,535,000 after purchasing an additional 1,339 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Federal Realty Investment Trust by 5.2% during the third quarter. First Trust Advisors LP now owns 184,056 shares of the real estate investment trust’s stock worth $22,862,000 after purchasing an additional 9,044 shares in the last quarter. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 120.52 on Wednesday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 34.90 and a beta of 0.30. The stock has a 50 day moving average price of $125.80 and a 200 day moving average price of $127.98. Federal Realty Investment Trust has a 12 month low of $119.37 and a 12 month high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $208.00 million during the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.42 EPS. On average, analysts anticipate that Federal Realty Investment Trust will post $3.31 EPS for the current fiscal year.

In other news, EVP Dawn M. Becker sold 2,281 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the sale, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the sale, the executive vice president now directly owns 145,809 shares of the company’s stock, valued at $19,087,856.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,495 shares of company stock valued at $7,538,395. Corporate insiders own 1.10% of the company’s stock.

A number of research firms have commented on FRT. BMO Capital Markets began coverage on Federal Realty Investment Trust in a research report on Sunday, September 17th. They set an “outperform” rating and a $145.00 target price on the stock. Jefferies Group LLC decreased their target price on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Citigroup Inc. boosted their target price on Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price on the stock. in a research report on Monday, August 14th. Finally, Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $140.25.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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

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