Morgan Stanley Buys 35,945 Shares of Federal Realty Investment Trust (FRT)

Morgan Stanley boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 7.6% during the first quarter, Holdings Channel reports. The fund owned 508,516 shares of the real estate investment trust’s stock after buying an additional 35,945 shares during the period. Morgan Stanley’s holdings in Federal Realty Investment Trust were worth $67,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at $425,260,000. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 640.8% in the first quarter. JPMorgan Chase & Co. now owns 857,161 shares of the real estate investment trust’s stock valued at $114,432,000 after buying an additional 741,450 shares during the last quarter. Putnam Investments LLC increased its position in Federal Realty Investment Trust by 108.8% in the fourth quarter. Putnam Investments LLC now owns 520,926 shares of the real estate investment trust’s stock valued at $74,029,000 after buying an additional 271,396 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Federal Realty Investment Trust by 19.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,524,093 shares of the real estate investment trust’s stock valued at $203,466,000 after buying an additional 243,857 shares during the last quarter. Finally, Resolution Capital Ltd purchased a new position in Federal Realty Investment Trust during the first quarter valued at $24,226,000. 92.38% of the stock is owned by hedge funds and other institutional investors.

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

Federal Realty Investment Trust (NYSE:FRT) traded down 0.90% during trading on Tuesday, reaching $123.09. The company’s stock had a trading volume of 283,125 shares. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $171.08. The firm has a 50-day moving average price of $126.80 and a 200-day moving average price of $135.05. The firm has a market capitalization of $8.89 billion, a P/E ratio of 38.66 and a beta of 0.32.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.02. The company had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $205.96 million. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be issued a $0.98 dividend. The ex-dividend date is Tuesday, June 20th. This represents a $3.92 annualized dividend and a dividend yield of 3.13%. Federal Realty Investment Trust’s dividend payout ratio is currently 123.27%.

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Several equities analysts recently weighed in on FRT shares. Deutsche Bank AG raised their price objective on Federal Realty Investment Trust from $139.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, March 21st. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Boenning Scattergood raised Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 22nd. Sandler O’Neill raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, March 13th. Finally, Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Federal Realty Investment Trust has an average rating of “Hold” and a consensus price target of $159.63.

About Federal Realty Investment Trust

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FRT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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