Federal Realty Investment Trust (FRT) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 75.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,785 shares of the real estate investment trust’s stock after selling 44,393 shares during the quarter. Two Sigma Investments LP’s holdings in Federal Realty Investment Trust were worth $1,745,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Federal Realty Investment Trust by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock worth $651,475,000 after acquiring an additional 787,694 shares during the last quarter. BlackRock Inc. boosted its holdings in Federal Realty Investment Trust by 2.1% during the 4th quarter. BlackRock Inc. now owns 8,090,383 shares of the real estate investment trust’s stock worth $954,987,000 after acquiring an additional 162,586 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Federal Realty Investment Trust by 118,273.0% during the 4th quarter. Commonwealth Bank of Australia now owns 118,373 shares of the real estate investment trust’s stock worth $14,186,000 after acquiring an additional 118,273 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Federal Realty Investment Trust by 44.2% during the 4th quarter. California Public Employees Retirement System now owns 358,245 shares of the real estate investment trust’s stock worth $42,287,000 after acquiring an additional 109,823 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Federal Realty Investment Trust by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 1,222,569 shares of the real estate investment trust’s stock worth $144,110,000 after acquiring an additional 103,768 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

A number of equities research analysts have recently commented on the company. BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th. Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Citigroup cut Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $146.00 target price on the stock. in a research note on Wednesday, December 12th. Finally, Mizuho cut Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $139.82.

NYSE FRT opened at $137.23 on Tuesday. The firm has a market cap of $10.28 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 4.24 and a beta of 0.52. Federal Realty Investment Trust has a one year low of $110.66 and a one year high of $139.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.40.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.86). Federal Realty Investment Trust had a net margin of 26.42% and a return on equity of 10.73%. The firm had revenue of $235.38 million during the quarter, compared to the consensus estimate of $235.70 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 14th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio is currently 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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