Robeco Institutional Asset Management B.V. Buys 5,000 Shares of Federal Realty Investment Trust (FRT)

Robeco Institutional Asset Management B.V. lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the real estate investment trust’s stock after purchasing an additional 5,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Federal Realty Investment Trust worth $8,074,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FRT. JPMorgan Chase & Co. boosted its position in shares of Federal Realty Investment Trust by 173.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock worth $296,548,000 after purchasing an additional 1,489,133 shares during the last quarter. APG Asset Management US Inc. bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth $104,847,000. Uniplan Investment Counsel Inc. boosted its position in shares of Federal Realty Investment Trust by 199.9% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock worth $49,926,000 after purchasing an additional 778,865 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Federal Realty Investment Trust by 44.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock worth $278,244,000 after purchasing an additional 677,382 shares during the last quarter. Finally, Hexavest Inc. bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth $25,701,000. Institutional investors and hedge funds own 93.36% of the company’s stock.

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Shares of Federal Realty Investment Trust (FRT) opened at 121.45 on Friday. The company’s 50-day moving average price is $126.30 and its 200 day moving average price is $128.23. The firm has a market cap of $8.78 billion, a P/E ratio of 35.17 and a beta of 0.30. Federal Realty Investment Trust has a 52 week low of $119.54 and a 52 week high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. The company had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 22nd were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Thursday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio is 115.94%.

In other news, insider Donald C. Wood sold 2,772 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the transaction, the executive vice president now directly owns 145,809 shares in the company, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. Insiders have sold a total of 57,495 shares of company stock worth $7,538,395 in the last three months. Insiders own 1.10% of the company’s stock.

Several brokerages recently commented on FRT. BMO Capital Markets began coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective on the stock. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $146.00 in a research note on Friday, July 21st. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC dropped their price objective on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. Finally, Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Federal Realty Investment Trust presently has an average rating of “Buy” and a consensus target price of $140.25.

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.

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

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