Federal Realty Investment Trust $FRT Shares Sold by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management Listed Real Assets LLC has reduced its stake in Federal Realty Investment Trust by 14.6%, now holding approximately $67.86 million in stock.
• Federal Realty Investment Trust recently announced a quarterly dividend of $1.13 per share, representing an increase from the previous $1.10 and yielding 4.5%.
• The company reported earnings per share (EPS) of $1.91 for the last quarter, beating analysts' expectations, while its revenue was up 5.2% year-over-year.

Cbre Investment Management Listed Real Assets LLC trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 693,693 shares of the real estate investment trust's stock after selling 118,252 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.81% of Federal Realty Investment Trust worth $67,857,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FRT. NewEdge Advisors LLC raised its position in shares of Federal Realty Investment Trust by 77.2% during the 4th quarter. NewEdge Advisors LLC now owns 6,677 shares of the real estate investment trust's stock valued at $748,000 after buying an additional 2,908 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Federal Realty Investment Trust by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,165,798 shares of the real estate investment trust's stock valued at $130,509,000 after buying an additional 28,933 shares in the last quarter. First Trust Advisors LP raised its position in Federal Realty Investment Trust by 18.9% in the 4th quarter. First Trust Advisors LP now owns 15,494 shares of the real estate investment trust's stock worth $1,734,000 after purchasing an additional 2,463 shares during the period. MetLife Investment Management LLC raised its position in Federal Realty Investment Trust by 3.0% in the 4th quarter. MetLife Investment Management LLC now owns 22,620 shares of the real estate investment trust's stock worth $2,532,000 after purchasing an additional 653 shares during the period. Finally, MML Investors Services LLC raised its position in Federal Realty Investment Trust by 8.2% in the 4th quarter. MML Investors Services LLC now owns 17,088 shares of the real estate investment trust's stock worth $1,913,000 after purchasing an additional 1,296 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FRT. Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Evercore ISI lowered their target price on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday. 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, the company presently has an average rating of "Moderate Buy" and an average target price of $110.79.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $1.19 during trading hours on Thursday, hitting $99.11. 105,494 shares of the company's stock traded hands, compared to its average volume of 784,203. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a market capitalization of $8.55 billion, a PE ratio of 25.09, a PEG ratio of 3.77 and a beta of 1.14. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The firm's 50-day moving average is $94.73 and its 200-day moving average is $96.26.

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

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is 111.39%.

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.