IFM Investors Pty Ltd Decreases Stock Position in Federal Realty Investment Trust $FRT

Key Points

• IFM Investors Pty Ltd reduced its holdings in Federal Realty Investment Trust by 12.8%, owning 17,084 shares worth $1,671,000 following the sale of 2,498 shares.
• The company's recent earnings report showed an EPS of $1.91, exceeding analyst estimates, with a revenue of $302.48 million, slightly below expectations.
• Federal Realty Investment Trust announced a quarterly dividend increase to $1.13 per share, resulting in a dividend yield of 4.4%, with a payout ratio currently at 111.39%.

IFM Investors Pty Ltd cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,084 shares of the real estate investment trust's stock after selling 2,498 shares during the quarter. IFM Investors Pty Ltd's holdings in Federal Realty Investment Trust were worth $1,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Federal Realty Investment Trust by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 700,435 shares of the real estate investment trust's stock valued at $68,517,000 after purchasing an additional 26,200 shares in the last quarter. Empowered Funds LLC boosted its holdings in Federal Realty Investment Trust by 12.5% in the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust's stock valued at $310,000 after purchasing an additional 355 shares in the last quarter. MBB Public Markets I LLC acquired a new position in Federal Realty Investment Trust in the first quarter valued at approximately $318,000. Goldman Sachs Group Inc. boosted its holdings in Federal Realty Investment Trust by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust's stock valued at $59,922,000 after purchasing an additional 184,557 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Federal Realty Investment Trust by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 514 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

NYSE:FRT traded up $0.73 during trading hours on Thursday, hitting $100.02. The company's stock had a trading volume of 146,987 shares, compared to its average volume of 771,460. 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 company has a market capitalization of $8.63 billion, a PE ratio of 25.33, a PEG ratio of 3.81 and a beta of 1.16. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.09. The business's 50-day moving average is $96.42 and its two-hundred day moving average is $95.66.

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

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $1.13 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is presently 114.43%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Scotiabank upped their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Wells Fargo & Company increased their price objective on Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Raymond James Financial decreased their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Finally, LADENBURG THALM/SH SH raised Federal Realty Investment Trust to a "strong-buy" rating in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $109.31.

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.