Wells Fargo & Company MN Buys 35,932 Shares of Federal Realty Investment Trust (FRT)

Wells Fargo & Company MN grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 375,930 shares of the real estate investment trust’s stock after buying an additional 35,932 shares during the period. Wells Fargo & Company MN owned 0.52% of Federal Realty Investment Trust worth $46,693,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Federal Realty Investment Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 12,396,763 shares of the real estate investment trust’s stock worth $1,566,826,000 after buying an additional 120,301 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock valued at $420,257,000 after purchasing an additional 1,030,604 shares during the period. PGGM Investments grew its position in shares of Federal Realty Investment Trust by 4.8% in the third quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock valued at $161,349,000 after purchasing an additional 60,000 shares during the period. Uniplan Investment Counsel Inc. grew its position in shares of Federal Realty Investment Trust by 199.9% in the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock valued at $49,926,000 after purchasing an additional 778,865 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Federal Realty Investment Trust by 57.0% in the third quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after purchasing an additional 417,339 shares during the period. 94.67% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus assumed coverage on Federal Realty Investment Trust in a research report on Thursday, November 30th. They issued a “buy” rating and a $144.00 price objective for the company. UBS raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $141.00 in a research report on Thursday, November 9th. Mizuho reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, BMO Capital Markets assumed coverage on Federal Realty Investment Trust in a research report on Sunday, September 17th. They issued an “outperform” rating and a $145.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $140.82.

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 9,900 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $132.44, for a total transaction of $1,311,156.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Shares of Federal Realty Investment Trust (NYSE FRT) opened at $130.29 on Monday. The stock has a market capitalization of $9,452.13, a PE ratio of 22.12, a price-to-earnings-growth ratio of 3.67 and a beta of 0.34. Federal Realty Investment Trust has a 1 year low of $119.37 and a 1 year high of $145.80. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The company had revenue of $217.95 million for the quarter, compared to analysts’ expectations of $213.63 million. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. equities research analysts forecast that Federal Realty Investment Trust will post 5.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is presently 97.56%.

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Federal Realty Investment Trust Company Profile

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.

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

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