Federal Realty Investment Trust (NYSE:FRT) Position Boosted by Meeder Asset Management Inc.

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Meeder Asset Management Inc. lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,979 shares of the real estate investment trust’s stock after purchasing an additional 117 shares during the period. Meeder Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $769,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation N.A. acquired a new stake in Federal Realty Investment Trust during the first quarter worth about $25,000. Quadrant Capital Group LLC raised its stake in Federal Realty Investment Trust by 694.1% during the first 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. Cullen Frost Bankers Inc. acquired a new stake in Federal Realty Investment Trust during the first quarter worth about $100,000. Signature Estate & Investment Advisors LLC acquired a new stake in Federal Realty Investment Trust during the first quarter worth about $106,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in Federal Realty Investment Trust by 5.5% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,612 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 84 shares during the period. 89.00% of the stock is currently owned by institutional investors and hedge funds.

FRT has been the topic of several research reports. Zacks Investment Research upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Capital One Financial upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Deutsche Bank increased their price objective on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Raymond James upgraded shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Tuesday, May 28th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $141.25.

Shares of NYSE:FRT opened at $130.93 on Thursday. The firm’s 50 day moving average is $130.83 and its two-hundred day moving average is $132.67. Federal Realty Investment Trust has a 52 week low of $115.09 and a 52 week high of $139.29. The firm has a market capitalization of $9.85 billion, a P/E ratio of 21.02, a PEG ratio of 4.02 and a beta of 0.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 EPS for the quarter, beating the consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The company had revenue of $229.73 million for the quarter, compared to analyst estimates of $232.00 million. During the same quarter last year, the business earned $1.55 earnings per share. Federal Realty Investment Trust’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post 6.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 23rd will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $4.20 annualized dividend and a dividend yield of 3.21%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 65.49%.

Federal Realty Investment Trust Company 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, 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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