Great Lakes Advisors LLC Has $342,000 Holdings in Federal Realty Investment Trust (FRT)

Great Lakes Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 9.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,479 shares of the real estate investment trust’s stock after acquiring an additional 209 shares during the period. Great Lakes Advisors LLC’s holdings in Federal Realty Investment Trust were worth $342,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in Federal Realty Investment Trust by 694.1% during the 1st quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 236 shares during the period. We Are One Seven LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth $46,000. Clarus Wealth Advisors grew its holdings in Federal Realty Investment Trust by 19.4% during the 4th quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 106 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth $100,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth $106,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

FRT has been the subject of several research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a report on Thursday, February 14th. Mizuho lowered shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Thursday, March 7th. Citigroup boosted their price target on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, February 25th. Deutsche Bank boosted their price target on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $139.70.

Shares of FRT stock opened at $132.45 on Friday. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $139.29. The firm has a market capitalization of $9.92 billion, a PE ratio of 21.26, a PEG ratio of 4.21 and a beta of 0.49. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.35.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The company had revenue of $232.23 million during the quarter, compared to analyst estimates of $235.09 million. During the same quarter in the previous year, the business earned $1.52 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts expect that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, June 20th. Federal Realty Investment Trust’s payout ratio is presently 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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