Crestline Management LP Lowers Holdings in Federal Realty Investment Trust (FRT)

Crestline Management LP lowered its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,640 shares of the real estate investment trust’s stock after selling 2,006 shares during the quarter. Federal Realty Investment Trust accounts for about 0.5% of Crestline Management LP’s portfolio, making the stock its 23rd largest position. Crestline Management LP’s holdings in Federal Realty Investment Trust were worth $3,617,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Jefferies Group LLC bought a new position in Federal Realty Investment Trust during the third quarter valued at $2,146,000. Contravisory Investment Management Inc. lifted its position in Federal Realty Investment Trust by 7.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 168 shares during the last quarter. Cox Capital Mgt LLC lifted its position in Federal Realty Investment Trust by 278.4% during the fourth quarter. Cox Capital Mgt LLC now owns 10,602 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 7,800 shares during the last quarter. Rhumbline Advisers lifted its position in Federal Realty Investment Trust by 0.8% during the fourth quarter. Rhumbline Advisers now owns 143,830 shares of the real estate investment trust’s stock valued at $16,978,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Federal Realty Investment Trust by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,120,312 shares of the real estate investment trust’s stock valued at $141,680,000 after purchasing an additional 9,760 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Several research firms have commented on FRT. BMO Capital Markets reiterated a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research report on Thursday, February 14th. Citigroup raised their target price on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 25th. Mizuho lowered shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Thursday, March 7th. Finally, Zacks Investment Research lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $139.50.

Federal Realty Investment Trust stock opened at $132.68 on Friday. The stock has a market capitalization of $9.87 billion, a PE ratio of 21.30, a PEG ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.33 and a quick ratio of 1.33. Federal Realty Investment Trust has a 12-month low of $110.66 and a 12-month high of $136.91.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.86). The firm had revenue of $235.38 million during the quarter, compared to the consensus estimate of $235.70 million. Federal Realty Investment Trust had a return on equity of 10.73% and a net margin of 26.42%. Federal Realty Investment Trust’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Research analysts forecast that Federal Realty Investment Trust will post 6.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 14th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, March 13th. This represents a $4.08 dividend on an annualized basis and a yield of 3.08%. Federal Realty Investment Trust’s payout ratio is 65.49%.

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

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