Rush Island Management LP Has $133.08 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Rush Island Management LP grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,188,734 shares of the real estate investment trust's stock after purchasing an additional 182,120 shares during the period. Federal Realty Investment Trust accounts for 8.8% of Rush Island Management LP's portfolio, making the stock its 4th biggest position. Rush Island Management LP owned approximately 1.43% of Federal Realty Investment Trust worth $133,079,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Federal Realty Investment Trust by 1.7% in the fourth 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 during the period. Norges Bank acquired a new position in Federal Realty Investment Trust during the 4th quarter worth $810,544,000. JPMorgan Chase & Co. grew 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 purchasing an additional 168,885 shares in the last quarter. Resolution Capital Ltd increased its holdings in shares of Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after purchasing an additional 389,266 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Federal Realty Investment Trust by 41.4% during 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 during the period. 93.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of recent analyst reports. Citigroup reiterated a "neutral" rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Raymond James lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus lowered their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, Mizuho dropped their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.18.

Federal Realty Investment Trust Stock Down 2.2%

Shares of Federal Realty Investment Trust stock traded down $2.14 during midday trading on Wednesday, hitting $94.30. The company's stock had a trading volume of 186,396 shares, compared to its average volume of 682,352. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $8.09 billion, a P/E ratio of 27.49, a PEG ratio of 2.20 and a beta of 1.10. The stock has a 50-day simple moving average of $94.39 and a 200-day simple moving average of $104.05.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same quarter in the prior year, the company earned $1.64 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

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.