APG Asset Management US Inc. Buys New Shares in Federal Realty Investment Trust (NYSE:FRT)

APG Asset Management US Inc. acquired a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 180,824 shares of the real estate investment trust's stock, valued at approximately $20,243,000. APG Asset Management US Inc. owned 0.22% of Federal Realty Investment Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after purchasing an additional 218,671 shares in the last quarter. Norges Bank acquired a new position in Federal Realty Investment Trust during the 4th quarter worth about $810,544,000. JPMorgan Chase & Co. raised its stake in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after acquiring an additional 168,885 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Federal Realty Investment Trust by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock valued at $227,457,000 after buying an additional 77,783 shares during the period. Institutional investors own 93.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Citigroup reaffirmed a "neutral" rating and set a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Mizuho cut their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock traded up $1.04 on Monday, reaching $91.30. 284,020 shares of the company traded hands, compared to its average volume of 670,860. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company has a 50 day moving average of $99.81 and a 200 day moving average of $107.32. The firm has a market capitalization of $7.83 billion, a PE ratio of 26.62, a PEG ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Equities analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.82%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 128.28%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.