APG Asset Management US Inc. Increases Stock Holdings in Federal Realty Investment Trust $FRT

Key Points

• APG Asset Management US Inc. increased its stake in Federal Realty Investment Trust by 111.4%, owning 382,214 shares valued at $37.07 million as of the end of the first quarter.
• Federal Realty Investment Trust announced a dividend increase to $1.13 per share, leading to a dividend yield of 4.6%, payable on October 15th.
• Equities analysts maintain a positive outlook, with eight ratings for Buy and an average target price of $110.43 for the stock.

APG Asset Management US Inc. grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 111.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,214 shares of the real estate investment trust's stock after buying an additional 201,390 shares during the period. APG Asset Management US Inc. owned 0.45% of Federal Realty Investment Trust worth $37,071,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FRT. Versant Capital Management Inc raised its stake in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 130 shares during the period. Exchange Traded Concepts LLC increased its stake in Federal Realty Investment Trust by 18.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 130 shares during the last quarter. Ethic Inc. increased its stake in Federal Realty Investment Trust by 2.3% in the 4th quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock worth $719,000 after acquiring an additional 145 shares during the last quarter. Amalgamated Bank increased its stake in Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 146 shares during the last quarter. Finally, KBC Group NV increased its stake in Federal Realty Investment Trust by 5.6% in the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 151 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays started coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price on the stock. BMO Capital Markets restated an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Raymond James Financial reduced their target price on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average target price of $110.43.

Federal Realty Investment Trust Stock Up 0.9%

Shares of FRT stock opened at $97.3010 on Friday. The stock's 50-day simple moving average is $94.40 and its 200-day simple moving average is $96.55. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $8.39 billion, a PE ratio of 24.58, a P/E/G ratio of 3.69 and a beta of 1.14. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.Federal Realty Investment Trust's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.69 earnings per share. Equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 111.39%.

Federal Realty Investment Trust 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.

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