Resolution Capital Ltd Has $285.68 Million Stock Position in Federal Realty Investment Trust $FRT

Key Points

• Resolution Capital Ltd has reduced its shares in Federal Realty Investment Trust by 17.1%, now holding approximately 2.92 million shares, which accounts for 5.6% of its holdings.
• Federal Realty Investment Trust declared a quarterly dividend of $1.13, an increase from its previous dividend of $1.10, yielding approximately 4.4%.
• The company's recent earnings report showed an earnings per share (EPS) of $1.91, exceeding estimates by $0.18, with revenues of $302.48 million.

Resolution Capital Ltd lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,920,464 shares of the real estate investment trust's stock after selling 602,691 shares during the quarter. Federal Realty Investment Trust accounts for approximately 5.6% of Resolution Capital Ltd's holdings, making the stock its 8th largest holding. Resolution Capital Ltd owned 3.40% of Federal Realty Investment Trust worth $285,680,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FRT. Nuveen LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth $52,017,000. Hsbc Holdings PLC raised its holdings in Federal Realty Investment Trust by 123.9% during the 1st quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust's stock worth $72,634,000 after buying an additional 412,843 shares during the period. Nuveen Asset Management LLC raised its holdings in Federal Realty Investment Trust by 62.6% during the 4th quarter. Nuveen Asset Management LLC now owns 683,114 shares of the real estate investment trust's stock worth $76,475,000 after buying an additional 263,020 shares during the period. APG Asset Management US Inc. raised its holdings in Federal Realty Investment Trust by 111.4% during the 1st quarter. APG Asset Management US Inc. now owns 382,214 shares of the real estate investment trust's stock worth $37,071,000 after buying an additional 201,390 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Federal Realty Investment Trust by 6,183.9% during the 1st quarter. GAMMA Investing LLC now owns 195,053 shares of the real estate investment trust's stock worth $19,080,000 after buying an additional 191,949 shares during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Down 1.4%

Shares of NYSE FRT traded down $1.42 during midday trading on Tuesday, reaching $100.33. The company's stock had a trading volume of 568,747 shares, compared to its average volume of 683,311. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.89 and a beta of 1.16. The stock has a 50 day simple moving average of $95.72 and a 200-day simple moving average of $95.78.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share 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 business had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. During the same period last year, the business earned $1.69 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. Equities research analysts predict 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. Investors of record on Wednesday, October 1st will be paid a $1.13 dividend. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is 111.39%.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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 report on Wednesday, August 27th. JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Raymond James Financial lowered their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $110.79.

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.