Macquarie Group Ltd. Has $807,000 Stake in Federal Realty Investment Trust (FRT)

Macquarie Group Ltd. lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,550 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Macquarie Group Ltd.’s holdings in Federal Realty Investment Trust were worth $807,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $606,000. Wells Fargo & Company MN increased its position in shares of Federal Realty Investment Trust by 10.6% in the 3rd quarter. Wells Fargo & Company MN now owns 375,930 shares of the real estate investment trust’s stock valued at $46,693,000 after buying an additional 35,932 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Federal Realty Investment Trust by 6.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,882 shares of the real estate investment trust’s stock valued at $3,712,000 after buying an additional 1,897 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Federal Realty Investment Trust by 88.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 49,944 shares of the real estate investment trust’s stock valued at $6,212,000 after buying an additional 23,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Federal Realty Investment Trust by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,034,293 shares of the real estate investment trust’s stock valued at $128,470,000 after buying an additional 17,948 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

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FRT has been the subject of a number of recent analyst reports. Mizuho restated a “buy” rating and issued a $124.00 price objective on shares of Federal Realty Investment Trust in a research report on Friday, February 23rd. Sandler O’Neill set a $130.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Boenning Scattergood set a $140.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price objective (down previously from $144.00) on shares of Federal Realty Investment Trust in a research report on Wednesday, February 14th. Finally, BMO Capital Markets set a $142.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Federal Realty Investment Trust currently has an average rating of “Buy” and an average price target of $135.00.

FRT stock opened at $115.78 on Monday. The stock has a market cap of $8,474.29, a price-to-earnings ratio of 19.59, a PEG ratio of 3.13 and a beta of 0.25. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.30 and a quick ratio of 1.30. Federal Realty Investment Trust has a 1 year low of $106.41 and a 1 year high of $138.12.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.57. The firm had revenue of $223.96 million during the quarter, compared to analysts’ expectations of $218.68 million. Federal Realty Investment Trust had a return on equity of 12.68% and a net margin of 33.81%. During the same quarter in the prior year, the company earned $0.80 EPS. sell-side analysts forecast that Federal Realty Investment Trust will post 6.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 67.68%.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 30,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $117.76, for a total transaction of $3,532,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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Federal Realty Investment Trust Profile

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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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)

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