Federal Realty Investment Trust (FRT) Holdings Boosted by Hexavest Inc.

Hexavest Inc. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 208,554 shares of the real estate investment trust’s stock after buying an additional 3,546 shares during the period. Hexavest Inc.’s holdings in Federal Realty Investment Trust were worth $27,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Federal Realty Investment Trust by 3.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,815 shares of the real estate investment trust’s stock worth $4,225,000 after purchasing an additional 1,000 shares during the period. Parametric Portfolio Associates LLC increased its position in Federal Realty Investment Trust by 18.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 124,327 shares of the real estate investment trust’s stock worth $15,443,000 after purchasing an additional 19,305 shares during the period. Public Employees Retirement System of Ohio increased its position in Federal Realty Investment Trust by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 113,836 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 696 shares during the period. GSA Capital Partners LLP acquired a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $304,000. Finally, Sterling Capital Management LLC increased its position in Federal Realty Investment Trust by 3.8% during the 3rd quarter. Sterling Capital Management LLC now owns 53,946 shares of the real estate investment trust’s stock worth $6,701,000 after purchasing an additional 1,950 shares during the period. Institutional investors own 94.42% of the company’s stock.

Several equities analysts have issued reports on FRT shares. Stifel Nicolaus started coverage on Federal Realty Investment Trust in a research report on Thursday, November 30th. They set a “buy” rating and a $144.00 target price on the stock. Jefferies Group dropped 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. Mizuho reiterated a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Boenning Scattergood reiterated a “buy” rating and set a $140.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $140.55.

Shares of Federal Realty Investment Trust (FRT) opened at $122.81 on Friday. The firm has a market capitalization of $8,938.50, a P/E ratio of 29.95, a P/E/G ratio of 3.32 and a beta of 0.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a fifty-two week low of $119.37 and a fifty-two week high of $143.79.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The business had revenue of $217.95 million for the quarter, compared to analysts’ expectations of $213.63 million. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. analysts expect that Federal Realty Investment Trust will post 5.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.

In related news, CEO Donald C. Wood sold 9,900 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $132.44, for a total value of $1,311,156.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Federal Realty Investment Trust (FRT) Holdings Boosted by Hexavest Inc.” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2018/01/13/federal-realty-investment-trust-frt-holdings-boosted-by-hexavest-inc.html.

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.

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)

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply