Northern Trust Corp Purchases 48,581 Shares of Federal Realty Investment Trust (FRT)

Northern Trust Corp lifted its position in Federal Realty Investment Trust (NYSE:FRT) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,988 shares of the real estate investment trust’s stock after acquiring an additional 48,581 shares during the quarter. Northern Trust Corp owned 1.68% of Federal Realty Investment Trust worth $146,133,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FRT. JPMorgan Chase & Co. raised its holdings in shares of Federal Realty Investment Trust by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock valued at $651,475,000 after acquiring an additional 787,694 shares in the last quarter. BlackRock Inc. raised its holdings in Federal Realty Investment Trust by 2.1% in the fourth quarter. BlackRock Inc. now owns 8,090,383 shares of the real estate investment trust’s stock worth $954,987,000 after purchasing an additional 162,586 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Federal Realty Investment Trust by 103.5% in the third quarter. Canada Pension Plan Investment Board now owns 229,127 shares of the real estate investment trust’s stock worth $28,978,000 after purchasing an additional 116,534 shares in the last quarter. California Public Employees Retirement System raised its holdings in Federal Realty Investment Trust by 44.2% in the fourth quarter. California Public Employees Retirement System now owns 358,245 shares of the real estate investment trust’s stock worth $42,287,000 after purchasing an additional 109,823 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Federal Realty Investment Trust by 248.1% in the third quarter. Renaissance Technologies LLC now owns 112,800 shares of the real estate investment trust’s stock worth $14,266,000 after purchasing an additional 80,400 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

A number of equities analysts have commented on the stock. Mizuho downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Thursday. Citigroup boosted their target price on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 25th. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a report on Thursday, February 14th. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, Wells Fargo & Co boosted their target price on shares of Federal Realty Investment Trust from $144.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $139.50.

Shares of Federal Realty Investment Trust stock opened at $131.83 on Monday. Federal Realty Investment Trust has a one year low of $110.66 and a one year high of $136.91. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 4.30 and a beta of 0.51. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.40.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.86). Federal Realty Investment Trust had a return on equity of 10.73% and a net margin of 26.42%. The business had revenue of $235.38 million for the quarter, compared to analysts’ expectations of $235.70 million. During the same quarter in the previous year, the firm posted $0.67 EPS. Federal Realty Investment Trust’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 14th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.09%. Federal Realty Investment Trust’s payout ratio is 65.49%.

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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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